AUDUSD has been smashed to the support zone I’ve mentioned yesterday. It is ugly. I am not happy, given the fact that my base is Australia.. 😆
Had a look at 4-hour chart, I would like to see some ‘touches’ on the support zone, and start buying some AUDUSD to test the support.
Let’s see. What do you think?
After testing the support line around 0.9170 area 3 times, we are now heading to the same area again. This time, I am looking at the break of support, and give me a target of 0.9120.
I am going in with a small short position to test this idea. Let’s see.
What do you think?
I read some tweets with “AUDUSD short triggered”. Err…I’m not sure. Well, instead, I am thinking of getting in some long positions to test the support zone before considering any short action. Let’s see.
What do you think?
We have a better than expected unemployment rate in Australia. However, I am not sure if I should be so bullish about AUDUSD. Have a look at daily and 4-hour charts, we have some pretty heavy barriers in front of us now. I am considering going in with some small short positions later.
What do you think? (click to view full chart)
Here is one simple trade I have made today. Nothing fancy here. In hourly chart of AUDUSD, a bearish candlestick reading was observed, and, in addition, previous swing high was taken out. These gave me a bearish view. Ignoring the hype of improving Aussie employment figures, and RBA rate hike news, these did not sound good to me. I went short. And here is the chart.
This is interesting.
I see both GOLD and Aussie dollar losing momentum now.
What’s next?
