Wizard
Long

AUDUSD The Bias Of The Next 24h

FX:AUDUSD   Australian Dollar/U.S. Dollar
AUDUSD             Bias
At the turning point
1. If A double bottom with a bullish divergence forms.
When going up
2. If the eurusd             isn't falling while audusd             is rising.

The eurusd             and audusd             pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or two times when trading the trend continuation trend than many trying to predict the top of the whole trend.
Also Danske Bank agrees as according to fxstreet it has a bullish position on with a tp order at ~0.800.
Wizard
2 years ago
Update: bias is still valid.
major resistance zone at 0.80.
Reply
Wizard
2 years ago
Still bullish, however the commodities can be an anchor for the trade, their performance will have a high effect. (especially gold)
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