AudTechnical AnalysisUSD

Trade of The Day – AUD/USD

Facts:

AUDUSD is trading in an upward trend

The pair is testing the key support area

Recommendation: 

Trade: Long position on AUDUSD at market price

Target: 0.6387, 0.6407

Stop: 0.6305

Opinion: Looking at the AUDUSD on  H1 interval, we can see that the pair reached a key technical support. The pair bounced off the area marked with the lower limit of 1:1 structure, as well as previous price reactions. According to the Overbalance methodol

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button