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.
Still bullish, however the commodities can be an anchor for the trade, their performance will have a high effect. (especially gold)
Reply
Update: bias is still valid.
major resistance zone at 0.80.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out