Dollar Australien/Dollar Américain
Long
Mis à jour

Double Tap and AWAY!! - AU

329
Here I have AUD/USD on the 1 Hr Chart!

Clear as day we can see 2 distinct Lows followed by a Pullback to .6653

Outlining what looks to be a Potential Double Bottom Pattern, I suspect we can see this pair move HIGHER!!

Adding Confluence to this idea is the fact we are getting a Strong RSI Divergence on these Lows showing Price is looking to head UP!

*Confirmation of Pattern comes when price BREAKS and CLOSES ABOVE CONFIRMATION!!
-Next we will look for a Retest of that Break for possible BUY OPPORTUNITIES!!

*Potential Target Profit being the Overhead Resistance Zone!
Transaction en cours
Price has closed above and pulled back to the Confirmation of Pattern!

Buy Entry @ .6653
SL @ .6640
Note
Retails Sales came in @ .1% Actual v. .3% Forecast

With April numbers @ -.4%, this result is still a good turnout for AUD!
Note
HPI m/m - 7.4% Actual v 7.3% Forecast
HPI Y/y - .1% Actual v .5% Forecast

What makes y/y worse is the fact that this is a 1.1% decrease from April's 1.2%

Looking devastating for the USD!

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