Kumowizard
Short

AUDUSD pull back likely, but long term stays bullish

FX:AUDUSD   Australian Dollar/U.S. Dollar
213 2 1
AUDUSD             has become a bit overbought.
Px             action suggests some correction and consolidation is coming. Based on 4 Hrs chart the most likely pull back tgt             level is ard 0,8925. From there, or within 0,8860 - 0,8925 range I would start to look for buy signals.
Current cloud is still too thick, this blocks a bit the short term bullish momentum . However future cloud shows bullish cross, and Chikou Span (dark blue line) will come above price candles in a few days time, with open space ahead.
DMI             is bullish too.

So short term it favours bears, but long term bulls have to get ready to enter on pull back, with a stop below 0,8825
LEONES PRO
2 years ago
yes I agree, looking for long next week
Reply
Monday and tuesday will be interesting for sure. On friday 4hrs timeframe gave Ichimoku sell signals (short entry ard 0,8970 with stop 0,9030). AUD was very weak during whole european session. First move I still believe is more likely to be down sub 0,8900.
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