{"id":13912,"date":"2010-10-11T10:57:35","date_gmt":"2010-10-11T14:57:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=13912"},"modified":"2010-10-11T10:57:35","modified_gmt":"2010-10-11T14:57:35","slug":"audusd-bearish-correction-in-the-making","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/11\/audusd-bearish-correction-in-the-making\/","title":{"rendered":"AUD\/USD Bearish Correction in the Making"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The volatile of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/aud-usd\">AUD\/USD <\/a>pair continues to be affected by the volatile forex market. The last few weeks has seen a lot of bullish strength in the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/aud-usd\">AUD\/USD <\/a>pair.  However, as I demonstrated below, it seems that the pair\u2019s bullish run  may have run out of steam, and a bearish correction could be underway  soon. This might be a good opportunity for forex traders to enter the  trend at a very early stage and at a great entry price.<\/p>\n<p>\u2022\tBelow is the daily chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/aud-usd\">AUD\/USD <\/a>currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the Relative Strength Index (RSI), Slow Stochastic and MACD.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 2: The Relative Strength Index (RSI) indicates that the price  of this cross currently floats in the overbought territory, signaling  downward pressure.<\/p>\n<p>\u2022\tPoint 3: The MACD indicates an impending bearish cross, which may  signal a downward movement is going to occur in the near future.<\/p>\n<p>AUD\/USD Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/AUD-USD-11-10-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/10\/AUD-USD-11-10-2010.JPG\" alt=\"\" width=\"538\" height=\"645\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                  may     not    be          suitable     for       all                        investors.            There       is   a                                         possibility              that                      you         could                   sustain a    loss            of    all        of            your                                  investment   and                              therefore    you                       should       not                invest                 money       that         you                       cannot              afford to                       lose.   You                    should         be             aware         of              all        the           risks                           associated          with                Foreign                 Exchange                       trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The volatile of the AUD\/USD pair continues to be affected by the volatile forex market. The last few weeks has seen a lot of bullish strength in the AUD\/USD pair. However, as I demonstrated below, it seems that the pair\u2019s bullish run may have run out of steam, and a bearish &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/10\/11\/audusd-bearish-correction-in-the-making\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUD\/USD Bearish Correction in the Making&#8221;<\/span><\/a><\/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-13912","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=13912"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/13912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=13912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=13912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=13912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}