Selling AUDNZD at hourly break of 21 SMA and 34EMAs., average rate 1.2693. 4 hour chart also building bearish direction ahead of RBA rate decision, with RSI and CCI pointing do further weakness. Stop 1.2740, target 1.2540 (just above next support layer). Downside be confirmed by break of 1,2670s nearest support. Further evaluation near RBA decision time.
Comments
orfeus11
⋅
Idea closed , well more patience was required to hit the final tgt.
orfeus11
⋅
Closing the remainder of position at 1.2598, not waiting for the final target. Not willing to hold over NFP and the weekend this time. Overall good deal 70pis on 1 piece and over 90 pips on the rest.
orfeus11
⋅
Ok, closing 1/2 position at 1.2620s for some 70 pips gain, Stop for the rest to breakeven.
orfeus11
⋅
Ok, no direction sofar, holding on. RBNZ later today.