Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
AUD/USD close to a buy opportunity
2019-11-11 • Updated
AUD/USD is approaching a key demand zone between the 0.7813 and 0.7789 level, established by our Fibonacci’s projections at the H1 chart. While the level of 0.7789 remains untouched, we might expect more rallies in the Aussie, putting on its way to reach the -23.6% Fibonacci level at 0.7934. To the downside, if the 65% Fibo ara gives up, another leg lower towards the 0.7767 level is expected to happen.
RSI indicator is in the negative territory, favoring to the bears in the short-term.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...