{"id":144353,"date":"2019-03-25T10:05:35","date_gmt":"2019-03-25T14:05:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144353"},"modified":"2019-03-25T06:59:21","modified_gmt":"2019-03-25T10:59:21","slug":"audusd-wednesdays-gains-completely-erased","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/audusd-wednesdays-gains-completely-erased\/","title":{"rendered":"AUDUSD: Wednesday\u2019s gains completely erased"},"content":{"rendered":"<div id=\"inves-1108228868\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 25, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Tomasz Wisniewski, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p>Wow, what a week for USD! First, on Wednesday, traders were surprised by the \u2018more than expected\u2019 dovish approach from the FOMC, which provoked them to short the US dollar. Then, on Thursday and Friday, this pessimism towards the USD vanished almost entirely. Well, it depends on the pair, but on AUDUSD, for example, we are even lower than before the FOMC meeting.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/AUDUSD_iH4-25-03-19.png\" alt=\"AUDUSD H4\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"c083e490-ba92-4f58-a50c-dcf761a737eb\" \/><\/p>\n<p>On Wednesday, after the FOMC, everything looked great for buyers. The pair defended the orange support at around 0.707 and went higher. In addition to this, we managed to break two important resistances. The first of these was the mid-term downwards trend line (black) and the second one was the upper line of the flag formation (upper blue). In theory, that was a very strong buy signal. Well, sometimes theory doesn\u2019t work in practice. The pair didn\u2019t manage to hold on to Wednesday\u2019s gains and dropped like a rock. Today, we are testing the 0.707 support again, which is holding up so far. We have a bounce, but the size and momentum of the reversal is so far questionable. I would wait a little bit more before opening a long position. The risk of a bearish breakout is still quite high.<\/p>\n<p>As long as we stay above the orange area, we do not have a legitimate sell signal. This will be available if the pair closes the day below that support. After last week\u2019s reversal, the chances of that are quite high.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">AUDUSD: Wednesday\u2019s gains completely erased<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Tomasz Wisniewski, Alpari Wow, what a week for USD! First, on Wednesday, traders were surprised by the \u2018more than expected\u2019 dovish approach from the FOMC, which provoked them to short the US dollar. Then, on Thursday and Friday, this pessimism towards the USD vanished almost entirely. Well, it depends on the pair, but on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-144353","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=144353"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144353\/revisions"}],"predecessor-version":[{"id":144354,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144353\/revisions\/144354"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}