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AUDUSD Weekly Analysis March 6-10

FX:AUDUSD   Australian Dollar / U.S. Dollar
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Our last week’s analysis is still valid for the upcoming week.
If we have taken the trade, we are still in positive. A good entry would be a sell limit at 0.7613 with 71 pips risk and 164 potential profit which gives us 2.3:1 risk reward ratio.

SL @ 0.7702
Sell Limit @ 0.7631
TP @ 0.7467

But if the price starts to go down, a good trading setup would be a break below 0.7454 with SL @ 0.7524 and TP @ 0.7349 which gives us 1.5:1 risk reward ratio.

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