FxWirePro
Long

Aussie trades higher on upbeat business confidence,targets 0.750

FX:AUDUSD   Australian Dollar/U.S. Dollar
466 7 20
AUD/USD             slightly recovered from low of 0.7412 on account of better than expected business confidence.

NAB sentiment index advanced to 10 from 8 in May as companies turned positive in all industries bar mining.

Technically Aussie is facing strong support around0.7400 and any break below will target 0.73700/0.7340 level.

On the higher minor resistance is around 0.7435 and any break above will target 0.7470/0.7500.

Overall trend reversal only above 0.7500

It is good to buy at dips around 0.7425 with SL around 0.7400 for the TP of 0.7470/0.7498
TahirAli
2 years ago
Good job buddy.Your analysis are always up to the point.
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FxWirePro PRO TahirAli
2 years ago
Thank you
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anish_206
2 years ago
Great trade. Really appreciate the ideas. :)
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north7777
2 years ago
Fixing to start trading on you been watching your charts and I find them refreshing keep up the good work I am fixing to be a bill paid off fellow due to guys like you thanks.
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FxWirePro PRO north7777
2 years ago
@north777 thank you
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Jeffzamp
2 years ago
Excelent as ever!
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RichardChung
2 years ago
Hey new to trading here and i wondering why the circled area is considered bullish when it ended on a red candle?
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