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AUDUSD / H4 / Daily Forex Technical Analysis / 4.30.2019

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
FuturesForexClasses  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Harmonic Patterns AUDUSD Technical Analysis Forex forexsignals forextrading forextradingzones forexanalysis forexforecast april2019
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trendanalysis chartpattern harmonicpatterns audusd technicalanalysis forex forexsignals forextrading forextradingzones forexanalysis forexforecast april2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is April 30th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Now keep in mind we do have the China manufacturing numbers (PMI numbers) coming out today, certainly a key report which may have a news effect on the AUDUSD as well. Looking at the 4 hour time frame here we're looking for a news trade where price action retraces to the .70081 region, setting us up for a long opportunity if we get some bullish rejection at these levels. Entry for a Long position near the .70065 area, with a Stop Loss near the .69823 area below the lows, with a target of the .70552 area for what can possibly be a profitable trade with a 2.01 to 1 R/R.
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