AUDUSD: KEY RESISTANCE AT 0.7631
Updated
The RBA cuts interest rates by 25bp, but the market prefers to look to the good economic data released through fine the month of June and July. Technically speaking, the trend remains bearish, at least at low TF, but the post-announcement move could leave open the door to a test of resistance around 0.7630 during the next 2-3 sessions (attention to Friday's NFP). As long as the price remains above 0.7520, the trend remains bullish constructive. If you took long position this night, around low, put stop in BE is let your profits run. (Rule # 1 of technical analysis).
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Watch our Wave Analysis:
(Click and Play)
Watch our Monthly Analysis:
Hello Traders! We hope that our analysis can help you in your trading and if you are interested to receive real-time updates about this analysis, click on "I Like" BUTTON on the chart
... thank you very much!!
SignalSwiss
TRADING ROOM: nonsolotrading.com
Note
FOLLOW THE BULLISH CHANNEL FOR MANAGED YOUR LONG POSITIONNote
Note
Trade closed: target reached
we take some profit on resistance..... but take open rest of positionNote
CRITICAL AREA: We'll monitor daily closingNote
Note
BULLISH TARGET NO YET! TREND SILL STRONG BULLISH
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