LONG TERM - AUSSIE IS CURRENTLY SITTING AT A MAJOR KEY RESISTANCE LEVEL AS HIGHLIGHT ABOVE - - This suggests bulls are coming in and if further bullish price action is seen on lower TFs I will be buying this market long term. - Price action is also confined within YEARLY TRENDLINE SUPPORT (black trendline - seen more clearly on YEARLY CHART) - RSI was last at...
Possible bullish bat harmonic pattern on AUDUSD. If AUDUSD also touches the rising channel to form the third point, that would be an added confirmation to the technical setup. Long AUDUSD 0.6980-90 SL 0.6900 TP 0.7300 ===== www.ForexPositive.com Twitter @ForexPositive ====
Simple is easy and has a better understanding ! Aussie dollar 4 hourly trend line and channel support indicating a good trade opportunity with stop below 0.7300 for 0.7465 and 0.7525. Good Luck !!
Expecting another leg down and so i am shorting AUDUSD here very close to the 50% back area of the 0.8898-0.8650 move.