AUDUSD Long or Short
On the Daily timeframe there is still some bullish momentum with the last candle closing engulfed. It looks like price wants to get to the 200 ema on the Daily timeframe.
A few news events this week could cause some volatility: Wednesday AUD unemployment data and Thursday USD Retail Sales.
Uptrend still in tact. I think a break out of the mini range on the Hourly will provide us with the direction it wants to go. Could be a buy or sell at this point. But buyers have a slight advantage right now.
-61.8% TP on fibonacci is also right on the 200 ema Daily.
A few news events this week could cause some volatility: Wednesday AUD unemployment data and Thursday USD Retail Sales.
Uptrend still in tact. I think a break out of the mini range on the Hourly will provide us with the direction it wants to go. Could be a buy or sell at this point. But buyers have a slight advantage right now.
-61.8% TP on fibonacci is also right on the 200 ema Daily.
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