AUDUSD.10.CFD trade ideas
AUDUSD OUTLOOKThis is not a financial advice, only meant for educational purposes.
This the tecnhnical outlook of AUDUSD for the week, IF the set-up realises we will be looking to make a short entry at the order block level. Make confirmation before entry either with indicator or candle stick patterns. Also correlation with other USD pairs.
AUDUSD : Looking for long opportunity!AUDUSD is looking for long opportunity, to take the move to the upside.
Audusd Swing trade shortAudusd has formed a head and shoulder pattern and the current pricehas broke the neckline trendline.
Shorting opportunity
Please do your own analysis before taking any trade
AUDUSD needs validation of Thursday’s bullish DojiWhile justifying Thursday’s bullish Doji candlestick, AUDUSD not only bounces off the yearly bottom but tries to regain above 100-day SMA and a three-week-old horizontal resistance. However, daily closing above 0.7620 becomes necessary for the AUDUSD buyers to eye the 0.7700 threshold. It should, however, be noted that the 50-day SMA level of 0.7730 and January tops close to 0.7720 are extra upside filters that stand ready to test the bulls ahead of directing them to the multi-month top marked February around 0.8000.
Meanwhile, a daily closing below 0.7560 should recall the AUDUSD bears targeting December 21, 2020 low near 0.7460. However, the 0.7500 round-figure can offer an intermediate halt during the fall. Also, tops marked during early December 2020, near 0.7450 offer extra supports to test the sellers.
