The setup is perfect to go long on AUDUSD. Around 0.75-0.7550 we can aim at the target 0.80 and maybe more with patience. This setup could be closely related to our previous review on EURAUD which is in a rising wedge.
To avoid risk, we can take a tight stop loss around 0.7450.
However, FOMC this week could give a new impulse to USD which could lead the pair lower.
To avoid risk, we can take a tight stop loss around 0.7450.
However, FOMC this week could give a new impulse to USD which could lead the pair lower.
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My free forex signals in real time: bit.ly/3RTlKwZ
My track record: bit.ly/4jFJ6nj
My track record: bit.ly/4jFJ6nj
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.