AUDUSD: Higher daily lows keep signals pointing up
A small sequence of higher daily lows kept Tuesday’s AUDUSD signals pointing higher. These have been confirmed as the sequence was extended to four and with a strong 1 Big Fig gain. The improvement has come from close to the 100-day average rate and a trend of lower weekly highs has been ended, which is all positive for sentiment. With no sign that demand is ending, signals continue to point to buying dips.
Management and risk description
Allow room to buy a dip and raise stop to entry if the first target is met.
Entry: Buy at market and at .7635, Tuesday's Marabuzo line.
Non-independent investment research disclaimer applies. Read more