BOAFX
Long

AUD/USD Long Position

FX:AUDUSD   Australian Dollar / U.S. Dollar
Fundamentals:- There was good data from Australia today even though the RBA (Royal Bank of Australia) did not raise interest rates the rhetoric was positive about wage growth and inflation . Retail sales rose to 0.5% above the expected 0.3% giving a boost to AUD.

Technicals:- After some morning long positions traders have taken profits allowing the price to fall back towards the 7600 level which is also just below the 68% fibonacci retracement level giving a good area of confluence to place the buy trade.

BUY at 7615

stop loss 7584

take profit 7705
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out