AUDUSD - higher lows above 50% Fibonacci point signals higher
Bullish signals on the week have been confirmed, investors are continuing to buy the dip after sentiment rallied Wednesday by ¾ Big Fig on. Prices have recovered more than 50% of the Apr-May losses and with no sign that demand to buy into any weakness is ending. But with intraday sentiment overbought, signals remain positive.
Management and risk description
Allow room to buy the dip and raise stop to entry if the first target is met.
Entry: market and 0.7505
Stop: 0.7474, yesterday's Marabuzo line
Target: 0.7575 and .7604, the last 7 week open.
Time horizon: today only
— Edited by Clare MacCarthy
Non-independent investment research disclaimer applies. Read more