TradingView
ForecastCity_EU
Aug 26, 2019 1:57 PM

Don't miss the great buy opportunity in AUDUSD Long

Australian Dollar/U.S. DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6735). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 54.

Take Profits:
TP1= @ 0.6798
TP2= @ 0.6830
TP3= @ 0.6910

SL= Break below S2
More