AUDUSD update on 04/11/2019

AUDUSD update on 04/11/2019

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Technical Analysis

To follow up with our technical analysis for Aussie on 30/10/2019, we update the today trading strategy for AUDUSD with following considering price levels:

 

AUDUSD trading update on 30/10/2019

 

currently AUDUSD is trading at around 0.69210 price level and the price action is indicating for further strong up move. The mentioned support zone for a pullback scenario at 0.6820 for the case of NFP released was out of question now, because a lower swing has been formed, namely at 0.6880; at this support zone, AUDUSD seems to be well established as stronger support.

For the upside, we see that 0.6920 is even broken up at H8 TF and a H8 candle closed above that zone, now it is triggering that level through and providing a sign for a further pop up to 0.7010 and 0.7050.


Take your look at the below depicted chart for further info:

Trading strategy for AUDUSD is now keep buying with a stop loss below the 0.6880 price handle. take profit up to 0.7050 firstly.

 


Trade well!

Tradingscenes team

Thông tin thành viên
Forex, stocks, commodities Trader & Markets Analyst. Makkaba Co., Ltd. ST&C

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