USDAUX trade ideas
💡Don't miss the great sell opportunity in AUDUSD
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7765).
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 a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 37
Take Profits:
TP1= @ 0.7705
TP2= @ 0.7675
TP3= @ 0.7585
SL: Break Above R2
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audusd may go uponly for educational purpose not a financial advice
audusd can go up after closing above 50 moving average on hr1 timeframe wait for the price to close above it then you can take a buy position.
adu seems to go up because of good economic conditions in comparison of other country. and us dollar numbers seems pretty week from last week.
AUDUSD Swing-Sell 100 Pips targetReason for selling AUDUSD
Fundamental factors are supporting the USD as the recent inflation figure beats the expectation 4.16% which causes the buying of USD against major pairs.
It has reached lower trendline area.Sell AUDUSD when it reaches around the .618 Fibonacci level and primary target would be 1.272 Fibonacci.
AUDUSD #audusd
Sell limit @ 0.77770
Take profit @ 0.76600
Stop lose @ 0.78200