Saxo Group Videos

Coleman: Selling after limited rally in Aussie Dollar

Today Ian Coleman from First4Trading is looking at selling Aussie Dollar at 0.9410.

Ian explains that the Aussie has posted a bearish Outside week after a Demark exhaustion count on the 2nd of July. This formation results in aggressive follow through selling and two days of small buying were posted yesterday.

The Marabuzo level from the 3rd of July is located at 0.9393. Although buying has been posted overnight, the rally has been limited with a resistance at 0.9390.

- Stop at 0.9410

- Targets: 0.9322

- And if a break: 0.9311

01:09 minutes
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