AUD/USD Signal Update
Yesterday’s signals expired without being triggered as the price never reached 0.7682.
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.
Long Trade 1
• Long entry following some bullish price action on the H1 time frame immediately upon the next touch of 0.7682.
• 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.
Long Trade 2
• Long entry following some bullish price action on the H1 time frame immediately upon the next touch of 0.7647.
• 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.
Short Trade 1
• Short entry following some bearish price action on the H1 time frame immediately upon the next touch of 0.7805.
• Place 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 run.
AUD/USD Analysis
The pair continued its move down yesterday in line with the USD strength that has been seen across the board. Overnight there was a bottom but a fairly weak-looking one which suggests we have not quite reached the next support yet. A further bottom confluent with 0.7682 would probably be a good long opportunity. Above there should be resistance close to the whole number at 0.7800.
There will be G7 Meetings all day. At 2:30am London time there will be a release of Australian Private Capital Expenditure data.