AUDUSD - still a buy

The Aussie continues to be in a buy scenario ( 20 MAV>50 MAV) , and we are looking to be only long.

Price in the short term also suggest an advancement for the Aussie ( 4MAV>13MAV) , with price being supported by the 13 MAV

Momentum is also to the long side and no where near OB conditions ( RSI = 59)

A supporting trendline for this swing can be identified.


1. Enter long - around .7110 ( confluence of 20 MAV and supporting trendline)

2. Long - around 74 ( R3 monthly pivot)

3. Stop - around .69.70 ( 2 atr , below 50 MAV)

4. RR = 2.....