The AUDUSD showed an accumulation pattern for the past week. The moves higher into the supply zones did not lead to any major bullishness and now we renewed commodity pressure, the AUDUSD continues its selloff.
It is currently trading at a demand zone at 0.70 but a break of that level should give us 0.695 as the next downside target. We are keeping a close eye on crude for this trade as a turn in oil - which is not the most likely scenario - would cancel this trade idea.
It is currently trading at a demand zone at 0.70 but a break of that level should give us 0.695 as the next downside target. We are keeping a close eye on crude for this trade as a turn in oil - which is not the most likely scenario - would cancel this trade idea.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.