Thread: Audusd

AUDUSD_e is currently rallying around 0.73534. On the 1 Hour Chart , the previous candle closed above the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active up trend . AUDUSD_e is currently in a range, not going above the previous day's highest high 0.7367,or the previous day's lowest low 0.72523. If the price breaks above 0.7367 then we will consider a long term buy with our target at 0.62001. And on the flipside, a sustained move below 0.7367 will attract sellers with an ideal target around 0.55064

What a great chart! Thank you.






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