Only charts

RSI (Relative strength index) is signaling support for the pair as show in below chart. The pair is also still supported with the famous 1.1560$ , which has proven to be the toughest resistance of all time , now turned into support. I am still recommending to buy eurusd for a big rally. Dont close this long trade with loss unless we break below support decisively. Follow me for updates on this trade and more . My twitter handle :@b4borio

Aussie has been sliding recently according to the concerns coming from china plus oil (WTI) slide from 54$ to 44$ . on the other hand , there was correction for USDCAD breaking a long term range and now struggling to make any further gains above 1.38 mark. Anyway , From technical analysis , The pair is making higher lows on the RSI on the 4h chart while the price is making lowers lows , which is a sign for possible correction on the horizon. Scaling to the 1h chart , you can see the pair is possibly trending. See chart below , make sure to go long /buy aud/usd when the price hits the trend-line and take profit at 0.7410 or when the RSI hits the 70 mark (overbought) level.