AUD appears to be gaining a little strength, the housing crisis seems to be slowly repaiting its self which I have been tracking carefully. Price tested .68700 without too much trouble.
Looking for a re test of this zone with a 2nd potential target @ .69800 on the basis the trend is strong
Late entries- Best case look for a dip to the top of the 4 hour engulfing bar. Mine are set from 6am GMT to 10am GMT and on. Otherwise look for flats or dips to buy out of.
Looking for a re test of this zone with a 2nd potential target @ .69800 on the basis the trend is strong
Late entries- Best case look for a dip to the top of the 4 hour engulfing bar. Mine are set from 6am GMT to 10am GMT and on. Otherwise look for flats or dips to buy out of.
Commentaire:
Stopped out on this particular trade. Goes to show even conviction set ups dont always trigger. Its still a pair I am favouring along with USDCAD for USD weakness to emmerge. Breaks needed on the DXY neessary. That said due to the flow of AUDNZD I am now switching my bias to Kiwi strength. We had RBNZ on tap Wednesday but the majority of Kiwi pairs are showing strong signs of reversal over and above AUD.