A brief on AUDUSD
- Decent offers seen ahead of 0.7900
- Sizeable stops in place on a break.
- There’s also a barrier at the big figure too
- Price continues to be resisted at the 61.8 fib of the Sep swing down at 0.7886 but too many tests is a worry
- 0.7885/95 a prior top from Oct
- Main support down at 0.7800/10
- Intraday support found around the confluence of 55 H4MA at 0.7832 & 200, 55 & 100 H1MA’s at 0.7836/39/43 following retail sales jump. More minor support at 0.7860
- 200 WMA at 0.7859 worth watching for a weekly close
AUDUSD H4 chart
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
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