DavidBelleFX

AUDUSD long to the upper value area

Long
FX_IDC:AUDUSD   Australian Dollar / U.S. Dollar
431 views
18
Looking at the lower price rejection, I would be looking for a move to the value area high at 0.7686. There is no reason for price to head lower. With my opinion of a mid-long term weak USD and metal prices picking up, this provides an upside bias on AUDUSD .

Comments

Technically your idea looks good and I would normally agree but I have a feeling that we are in for USD strength across the board until the rates decision. Thats also why Im not shorting USDCAD right now. I could be wrong..normally am.
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agreed, i would wait for a close above the 75100 area and then scale out at 75600 and again at the 76400
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News on this? Thanks.
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I got stopped. SP falling off Meant US demand. Will stick with my GBPUSD long and SP short for now.
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It's broke support, can't see it going much lower
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