AUDUSD: KEY RESISTANCE AT 0.7631

2 août 2016

The RBA cuts interest rates by 25bp, but the market prefers to look to the good economic data released through fine the month of June and July. Technically speaking, the trend remains bearish, at least at low TF, but the post-announcement move could leave open the door to a test of resistance around 0.7630 during the next 2-3 sessions (attention to Friday's NFP). As long as the price remains above 0.7520, the trend remains bullish constructive. If you took long position this night, around low, put stop in BE is let your profits run. (Rule # 1 of technical analysis).

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2 août 2016

Note

FOLLOW THE BULLISH CHANNEL FOR MANAGED YOUR LONG POSITION

2 août 2016

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2 août 2016

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2 août 2016

Trade fermée: cible de profit atteinte

we take some profit on resistance..... but take open rest of position

2 août 2016

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CRITICAL AREA: We'll monitor daily closing

4 août 2016

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8 août 2016

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BULLISH TARGET NO YET! TREND SILL STRONG BULLISH