AUDUSD BUY

AUDUSD DAILY

Price has fell from last months monthly profit target for bulls at 0.805. It looks like we are at the bottom of the range which is also MM2 (0.7821). I am looking for a buy opportunity. i will be looking at lower time frames waiting for a confirmation.

AUDUSD H4

Theres confluence with WM2 and MM2, so this makes this level of support even more important as more bulls will be watching this area and trying to get Long for the month or for the week.

AUDUSD H1

If we take a closer look and go to the H1 chart. We can see that price has not made any more lower lows this week, it means that price is slowing down. I will be waiting for a higher high on the H1 or M15 and then buy the pullback

One thought on “AUDUSD TECHNICAL ANALYSIS”

  1. Maryna says:

    Hi Giveness, I’m waiting to see how the pair closes tonight before placing any trades, but I would also be looking to buy rather than sell from what I see at the moment. Let’s see how it goes!

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