{"id":17444,"date":"2010-12-31T09:30:09","date_gmt":"2010-12-31T14:30:09","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=17444"},"modified":"2010-12-31T09:30:09","modified_gmt":"2010-12-31T14:30:09","slug":"potential-reversal-for-audusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/31\/potential-reversal-for-audusd\/","title":{"rendered":"Potential Reversal for AUD\/USD"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong><\/p>\n<p>In  the last two weeks trading, the AUD\/USD experienced much bullishness,  as it stands now at 1.0185. However as I demonstrate below, it seems  that the pair\u2019s bullish run may have run of steam, and a bearish  correction could be underway soon. Forex traders can take advantage of  this imminent downward movement by entering short positions at an  excellent entry price.<\/p>\n<p>\u2022\tBelow is the daily chart of the AUD\/USD currency pair.<\/p>\n<p>\u2022\tThe technical indicators that are used are the William Percent Range, Relative Strength Index (RSI), and Slow Stochastic.<\/p>\n<p>\u2022\tPoint 1: 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 2: The Slow Stochastic indicates a bearish cross, signaling that the next move may be in a downward direction.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Range also supports the downward direction.<\/p>\n<p>AUD\/USD Daily Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/AUD-USD-31-12-2010.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/AUD-USD-31-12-2010.JPG\" alt=\"\" width=\"509\" height=\"619\" \/><\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><\/span><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/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>In the last two weeks trading, the AUD\/USD experienced much bullishness, as it stands now at 1.0185. However as I demonstrate below, it seems that the pair\u2019s bullish run may have run of steam, and a bearish correction could be underway soon.<\/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-17444","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17444","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=17444"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/17444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=17444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=17444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=17444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}