AUDUSD - A Bargain for Long Term Bulls
Today's AUD CPI disappointing report plunges AUDUSD to around current month's open price.
This dip may be seen as a minor pull back at the backdrop of past bull rally since mid Jan 2016.
On the 4 hourly, it seems like a real test for strong bears to break 0.7632 region.
Should it proves to be a false bearish breakdown, 0.7834 will be the first Target price while a wide stop loss at 0.749 playing as a conservative measure.
This dip may be seen as a minor pull back at the backdrop of past bull rally since mid Jan 2016.
On the 4 hourly, it seems like a real test for strong bears to break 0.7632 region.
Should it proves to be a false bearish breakdown, 0.7834 will be the first Target price while a wide stop loss at 0.749 playing as a conservative measure.
Trade closed: stop reached:
Stopped Out
Trade closed: stop reached