- This is a risky trade due to it being countertrend. AUD/USD
has shown strength the last week and is becoming bullish
, however a pullback could be likely, in fib zone and showing some divergence on MACD
. We are looking to sell from current price to 0.73530. We will look for a limit of 0.72405, however if trade becomes active we will monitor PA, especially at 0.73038.
Timeframe - 6H
Resistance - 0.73530
Stop - 0.73849
Support/Limit - 0.72405