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AUD/CNH - Doji despite data as ranges rule

Doji in Asia - AUD & CNH data little impact Momentum studies conflict - neutral 5, 10 & 20 dma's Setup implies range trading since mid February can continue 4.9587, 50% of 2015 fall pivotal resistance - held twice last w…

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AUD/CNH - Doji despite data as ranges rule
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  • Doji in Asia - AUD & CNH data little impact

  • Momentum studies conflict - neutral 5, 10 & 20 dma's

  • Setup implies range trading since mid February can continue

  • 4.9587, 50% of 2015 fall pivotal resistance - held twice last week

  • Initial support/resistance is Asian 4.8973/4.9205 range

 

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