AUD/USD Signal Update
Yesterday’s signals were not triggered as none of the key levels were ever reached.
Today’s AUD/USD Signals
Risk 0.75%
Trades must be taken from 8am New York time until 5pm Tokyo time, over the next 24-hours period only.
Short Trade 1
Go short following some bearish price action on the H1 time frame immediately upon the next touch of 0.7632.
Put the stop loss 1 pip above the local swing high.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
Long Trade 1
Go long following some bullish price action on the H1 time frame immediately upon the next touch of 0.7530.
Put the stop loss 1 pip below the local swing low.
Move the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to ride.
AUD/USD Analysis
This pair has continued its bearish breakdown. The Australian and New Zealand Dollars are currently some of the weakest performers against the USD which is strong across the board. However, there is some hope for bulls as the key area around 0.7500 has not yet been breached and there could be a rebound at 0.7530.
There is nothing due today regarding either the AUD or the USD.