Trader_97
Long

AUSSIE/DOLLAR TRADE IDEA

FX:AUDUSD   Australian Dollar/U.S. Dollar
45 2 2
Hello Everyone its been a while since my last post.So here's my latest trade idea for the Aussie.So far its performing very well against the Greenback.So that qualifies it for buying the higher lows above the T.L support from January 2016 and I believe if it continues to grow at this rate we may see a test of 0.7770 and 0.7944's so almost hitting into the 0.80's but we also have a very old trend in the bigger picture which means once price comes in contact with the Trend channel Resistance from April             2013 and fails to breakout of it and price eventually breaks below the January 2016 T.L support.The pair should go back to being bearish and retest the support levels around 0.7380 and 0.7228 and 0.68 zone but until that happens stay bullish on the Aussie and look for early top formations to avoid troubles.

Thank you for reading.Have a nice day :)
number one analysis.
+1 Reply
Trader_97 PooyaSalehipour
Thank you.That means a lot
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