Potentially looking at AUDUSD for further upside, however the pivot level is acting as good resistance. We may reject from the level to gain some distance before a momentum fuelled move to the upside.
Tricky pair to judge but it has been in a sustained downtrend since April 5th.
Watch to see if we get a clear break through the pivot high or decrement back down, the details of the price action will be key in determining the outcome of a successful trade here.
- Update -
Yesterday's Gold trade worked out nicely and is looking to continue its upside. See linked idea.
Tricky pair to judge but it has been in a sustained downtrend since April 5th.
Watch to see if we get a clear break through the pivot high or decrement back down, the details of the price action will be key in determining the outcome of a successful trade here.
- Update -
Yesterday's Gold trade worked out nicely and is looking to continue its upside. See linked idea.
