AUDUSD-Long Setup for Daily and H4

Hello Guys,

AUDUSD will be retrace soon based on Monthly Chart. It means Finally it will be up.. also.. it is so good time to buy.
But it is expected a little more drop to 0.705X area.. worst.. 0.703x(but it is hardly). So, just recommend Buylimit 0.705 area
Buy limit : 0.70548
SL : 0.703
TP : 0.725

Good luck

Comment:

Maybe, If market is closed above previous low, it may not be dropped more.

Look at the Red Arrow (Previous low).

Comment:

Maybe the bottom of the Noise Area. I hope it is bounced.

Comment:

Comment:

Comment:

Today, Big news coming out for AUD.
18 min AUD GDP (YoY) (Q4) 2.5% 2.8%
18 min AUD GDP (QoQ) (Q4) 0.5% 0.3%
18 min AUD GDP Capital Expenditure (Q4) 0.1%
18 min AUD GDP Chain Price Index (Q4) 0.9%
18 min AUD GDP Final Consumption (Q4) 0.3%
18 min AUD RBA Chart Pack Release
if keep interest rate, it means AUD will be good.. because AUD is bad economic. So..if keep current rate, it means the economic is not worse than before.. So.. it will be not down.

Comment:

Today.. AUD is bad data.. but it is not move down under H4 registance line.
Tomorrow, we can see another hope.
05:15 USD ADP Nonfarm Employment Change (Feb) 189K 213K
05:30 USD Exports 209.90B
05:30 USD Imports 259.20B
05:30 USD Trade Balance (Dec) -57.90B -49.30B
07:30 USD Crude Oil Inventories 1.203M -8.647M
09:00 USD FOMC Member Mester Speaks
09:00 USD FOMC Member Williams Speaks
16:30 AUD Exports (MoM) (Jan) -2%
16:30 AUD Imports (MoM) (Jan) -6%
16:30 AUD Retail Sales (MoM) (Jan) 0.3% -0.4%
16:30 AUD Trade Balance (Jan) 3.000B 3.681B

Trade closed: target reached