Signal_Centre

AUDUSD - Dips to be bought as Head and Shoulders builds

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD
AUDUSD
AUDUSD
AUDUSD

AUDUSD - Intraday - We look to Buy at 0.6962 (stop at 0.6922)

The gap open from 0.7022 to 0.7026 has now been closed. Selling posted in Asia. Daily/Weekly Ichimoku Cloud resistance is seen at 0.7035. Bespoke support is located at 0.6962. The medium term bias remains bullish. A bullish reverse Head and Shoulders is forming. Expect trading to remain mixed and volatile. Intraday signals are far from strong.
Our profit targets will be 0.7030 and 0.7050

Resistance: 0.7035 / 0.7091 / 0.7182
Support: 0.6962 / 0.6917 / 0.6900
Trade active:
Bounced .. stop to open

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.