20160411 BDIY Last month March 2016  the commodity currency pair AUDUSD has risen more than 500 pips and the Commodity index CRY also show sign of recovery.

 

20160411 CRY

Baltic dry index also show sign of recovery. Is this a sign of stabilization on the drop of commodity ?

AUDUSD daily chart formed a support at 0.75 level.

 

20160411 AUDUSD day

 

The 4H with the new weekly WM2 Pivot theory if the AUD is bullish weekly M2 to M4 about 0.77 level.

 

20160411 AUDUSD 4H

 

Start looking for sign of up trend from WM2 area for the next 24 hours.  The daily and 4H stochastic agree with assumption. now is waiting for market to show the sign.

 

Happy trading

 

 

 

 

 

 

 

2 thoughts on “AUDUSD forming a support Monthly Pivot Point 0.75 Trade Planning 11 April 2016”

  1. Ben Leung says:

    Great trading idea. Thank you.

  2. Ronnie H Oren says:

    Great analysis. I have been watching and waiting for an entry, the COT report also is trending favorably for this trade. Thanks!

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