AUD/USD Signal Update
Last Thursday’s signals expired without being triggered.
Today’s AUD/USD Signals
Risk 0.75%
Trades may only be taken between 8am and 5pm New York time only, or after 8am Tokyo time later.
Short Trade 1
- Go short following some bearish price action on the 11 time frame immediately upon the next touch of 0.7551.
- Put the stop loss 1 pip above the local swing high.
- Adjust the stop loss to break even once the trade is 20 pips in profit.
- Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Short Trade 2
- Go short following some bearish price action on the H1 time frame immediately upon the next touch of 0.7600.
- Put the stop loss 1 pip above the local swing high.
- Adjust the stop loss to break even once the trade is 20 pips in profit.
- Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
Long Trade 1
- Go long following some bullish price action on the H1 time frame immediately upon the next touch of the trend line currently sitting at around 0.7375.
- Put the stop loss 1 pip below the local swing low.
- Adjust the stop loss to break even once the trade is 20 pips in profit.
- Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.
AUD/USD Analysis
This pair has really gone nowhere over the past few days, with the real action taking place elsewhere, away from the AUD. The only notable development is a rough zone of resistance seems to have emerged at around 0.7475.
There is nothing due today regarding the USD. Concerning the AUD, at 2:30am London time there will be a release of NAB Business Confidence data.