savvyacademy
Long

AUDUSD - A Bargain for Long Term Bulls

FX:AUDUSD   Australian Dollar/U.S. Dollar
33 0 0
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.
Trade closed: stop reached: Stopped Out
Trade closed: stop reached
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