AUDUSD 15/2/2019
Viewpoint so far..
Last week this pair attempted to confirm the break of a heavily bearish trend for this pair by pushing through the TL with high volume before closing the week out sat neatly on support. This week I am looking for a possible buy on another retest of bearish support possibly as low as .68500 area. Where I will take a long position aiming for around .69200 where price will again attempt to break previous lower high to kick start long term AUD strength.
On the other side of the coin, should we see markets open and USD remain strong as it finished out the week, we may head back down to as low as the .67000 region where price has previously formed the double bottom.
DATA THIS WEEK
Monday
N/A
Tuesday
RBA Meeting minutes 00:30
Wednesday
NZD GDP 8:30
Thursday
AUD Unemployment 00:30
Friday
N/A
CONFLUENCES I USE
FIBONACCI
TREND LINE
EMA
!!TECHNICAL ANALYSIS KEY!!
GREEN - BUY AREA/ZONE
RED- SELL AREA/ZONE
PURPLE - POINTS OF INTEREST/ AWAITING PRICE ACTION
Viewpoint so far..
Last week this pair attempted to confirm the break of a heavily bearish trend for this pair by pushing through the TL with high volume before closing the week out sat neatly on support. This week I am looking for a possible buy on another retest of bearish support possibly as low as .68500 area. Where I will take a long position aiming for around .69200 where price will again attempt to break previous lower high to kick start long term AUD strength.
On the other side of the coin, should we see markets open and USD remain strong as it finished out the week, we may head back down to as low as the .67000 region where price has previously formed the double bottom.
DATA THIS WEEK
Monday
N/A
Tuesday
RBA Meeting minutes 00:30
Wednesday
NZD GDP 8:30
Thursday
AUD Unemployment 00:30
Friday
N/A
CONFLUENCES I USE
FIBONACCI
TREND LINE
EMA
!!TECHNICAL ANALYSIS KEY!!
GREEN - BUY AREA/ZONE
RED- SELL AREA/ZONE
PURPLE - POINTS OF INTEREST/ AWAITING PRICE ACTION