AUDUSD signals positive as sentiment improves
Last week’s buying of AUDUSD from close to the 200 Day Moving Average rate and a 62% pullback to this year’s gains have kept this week’s signals pointing higher. A trend of higher daily lows keeps today's signals remaining positive for gains
Management and risk description
Allow room to buy the dip and raise stop to entry price if the first target is met.
Entry: Market and 0.7390.
Stop: 0.7359, today's low in Asia.
Target: 0.7478, the 50 day average rate and .7550.
Time horizon: Today only.
— Edited by Adam Courtenay
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