Aussie Dollar.

Good Evening Dynamic Traders,

Tonights chart that I have in my watchlist, is the AUDUSD.
Todays price action has at present given a small doji candle, although the day is not finished yet, which is also in the fibonacci reversal area, resting on the trendline and has an OS Stochastic, but also the long term trend is down so beware. We are however, getting short term convergence on this timeframe on the MACD, so I will be keeping a close eye on this pair to trade off my lower timeframe chart, the 4 hour, as shown below, using an intermediate stance.

If we take a look at this timeframe, we can see we have a longer term convergence on the MACD, and the signal lines are looking like they may soon cross upwards, but in AdvancedGet we do have a false bar on the Get Stochastic although we are sitting around a previous support area but be sure to wait for confirmation here before employing your ESLT, as we do have three lots of high impact news out in the early hours of tomorrow morning.

As always please ensure to do your own analysis before trading.

Charts courtesy of TradeStation.

Hoping you all have success.

Clayton Farnworth.