After strong selling pressure during the NY Session, AUDUSD has started to consolidate, with an increased bearish pressure.
I'm looking to sell the breakout of level 0,7307ish with a final target around 0,7110
After failing to maintain price above 0,7700 , AUDUSD pushed lower
I'm still looking to buy around MT support of 0,7500 with stops just below
Targets up to just before 0,7700
I believe the Buyers have been a little too aggressive, and will be set up in a trap for a false break around level 0,6950
I expect a initial breakout of the level, but to in the coming days start selling off below the level again.
My entry on the false break will be at the 0,6945ish zone with a tight SL just above.
Target will be all the way down at 0,6600 zone
USOil rallied following yesterday's agreement within the OPEC to freeze the Oil Production.
The commodity has formed a corrective channel, and I'm looking to buy at the bottom of it, in conjunction with the 20EMA, and the $41 level.
Target is around 4R, and therefore a continued Mid-term Bullish Bias
I expect a short-term false break on the EURUSD, for a potential re-entry at the channel lows around support zone of 1,1310 - 1,1335
Targets just above 1,1400
There is some strong momentum in EURGBP at this moment.
I do however expect the pair to make a correction and re-test the Support Zone area of 0,8000 - 0,8020 in the near future
Entry will be around 0,8020 with a SL just below 0,8000
Targets just before 0,8100
Ranging environment in EURUSD
I see a potential Long position around Support Zone 1,1310 - 1,1335, with a tight SL below, targeting slightly before the top of the range.
AUDUSD is showing some consolidation, for a potential continued move upwards
I'm looking to jump in around level 0,7380-0,7420, with targets in the upper side of the range.
A daily close below 0,7400 brings my Mid-term view slightly more bearish
