AUDUSD Forecast and Trade Setup for the week ending 22nd August, 2014

AUDUSD Forecast and Trade Setup for the week ending 22nd August, 2014

Weekly Chart

• Continued to see weakness in RSI and Stochastics

Daily Chart

• Positive Divergence to the RSI
• MACD is showing weakness

Hourly Chart

• Rising RSI, however is diverging

• Possible Bearish Cypher

Outlook Trade opportunity

If today closes above 0.93350, possible run up to test close to the 0.94s before looking for short opportunity at the Cypher completion

Risk Level __

Tips -

Always take note of any economical news event on our provided calender below