.png)
SELL AT 0.718X-0.717X AUD/USD: Marginally Higher, Waiting For Trade War Headlines
The Australian and New Zealand Dollars have been the weakest of all major global currencies. Last week this pair reached a multi-year low before recovering to close up over the week. This suggest that trading with a bearish bias is useful, but there is short-term bullish momentum. A bearish reversal later after the RBA’s release at either0.718x or 0.717x look like being very attractive set-ups for short trade entries, and I would take a bearish bias at that time if so.
SELL AT 0.718X-0.717X
STOPLOSS:0.723X
TAKEPROFIT:0.70X
GOODLUCK!
The Australian and New Zealand Dollars have been the weakest of all major global currencies. Last week this pair reached a multi-year low before recovering to close up over the week. This suggest that trading with a bearish bias is useful, but there is short-term bullish momentum. A bearish reversal later after the RBA’s release at either0.718x or 0.717x look like being very attractive set-ups for short trade entries, and I would take a bearish bias at that time if so.
SELL AT 0.718X-0.717X
STOPLOSS:0.723X
TAKEPROFIT:0.70X
GOODLUCK!
No comments:
Post a Comment