AUDUSD - Looks to be forming a bullish flag
AUDUSD - Intraday - We look to Buy at 0.6745 (stop at 0.6715)
Posted Mixed Daily results for the last 7 days. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Trading between support at 0.6745 and resistance at 0.6821. Preferred trade is to buy on dips. Price action is forming a bullish flag which has a bias to break to the upside. The formation has a measured move target of 0.6885.
Our profit targets will be 0.6815 and 0.6885
Resistance: 0.6816 / 0.6885 / 0.6925
Support: 0.6745 / 0.6700 / 0.6677
Posted Mixed Daily results for the last 7 days. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Trading between support at 0.6745 and resistance at 0.6821. Preferred trade is to buy on dips. Price action is forming a bullish flag which has a bias to break to the upside. The formation has a measured move target of 0.6885.
Our profit targets will be 0.6815 and 0.6885
Resistance: 0.6816 / 0.6885 / 0.6925
Support: 0.6745 / 0.6700 / 0.6677
Trade active:
Triggered
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