Get started
AnthonyAbiSaab

AUDUSD H4 Analysis

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
AnthonyAbiSaab  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Beyond Technical Analysis
6
0
trendanalysis beyondta
The AUDUSD chart is driven by a strong bullish momentum, which isn't slowing down. The price once again bounced off a trend line and should respect the upward movement. Furthermore, the USD is still weakening due to COVID-19 outbreak in the US and there are no indicators for any recovery yet. Hence, the trade would be executed as follows:
AUDUSD
BUY: 0.71400
SL: 0.70900
TP1: 0.71900
TP2: 0.72400
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.