Get started
Chartist-Trading

AUDUSD is set to continue higher

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Chartist-Trading Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns AUDUSD analysis pullback tradingidea
2
0
trendanalysis chartpattern audusd analysis pullback tradingidea
AUDUSD is in a corrective formation in the hourly chart and is set to continue higher. The previous broken resistance at 0.7270-80, alongside with PP0, Bollinger Bands and EMA89 provide excellent support for this scenario. So we follow it with Buy orders at these levels, add more at 0.7275-80. Stop will be set below 0.7250 and targets 0.7315 and 0.7330
Comment:
Entered LONG. Stops at 0.7247
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.