Market Watch

AUDCHF - This pair has its monthly MACD on the up trend for more than 4 months and STOC has been in the overbought level starting to make a crossover downward, so it is a chance to sell it at least to the 0.7200 level - We are now still holding covered short positions at 0.74993 and 0.75310 and 0.75989.

AUDNZD - For a long term trend this pair is for a buy because it has the monthly MACD still on the underside, but STOC is turning up lightly from the oversold area, so we will sell it temporarily whenever we have a chance - We are now turning downward and holding covered short positions at 1.05825 and 1.06258 and 1.07488.

AUDUSD - This pair still has its monthly MACD on the underside although STOC is near the overbought level, so it still has some distance to go for a buy before turning down - We are now holding short positions at 0.77244.

(Charts: Forex Trader)

Disclaimer: This is a personal analysis, not an actual advice, therefore we will not accept any liability for any loss and damage which may arise directly or indirectly from the content of these and future articles.