IkanBilisCapital

Looking for the buy set ups on the AUDUSD

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The market ended up not doing much this week. But we are at the tail end of the down move and we are looking for the pair to make a rather sharp reversal to the upside for the coming week. As usual, we will present two cases. And the likely one first.

BULL CASE
Value lies to the upside in the coming week for the AUDUSD . There are areas of liquidity that the institution can exploit to the upside and make some serious money from. The levels 0.74855, 0.75053, 0.75996 and 0.76185 are areas of interest for the operators to try and liquidate. If price starts to move upwards next week, we should see a quick break up without much of a pause.

BEAR CASE
If price does move to the downside next week, it will be to fake out to the downside and as shorts pile in we expect price to quickly reverse to the upside to fulfil the bull case. The price price that we are looking at to the downside is ~0.73 level.

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