AUD/USD: trading opportunuties

AUD/USD: trading opportunuties


SELL 0.7255 SL 0.731 TP1 0.7155 TP2 0.7130 TP3 0.7100

BUY 0.7410 SL 0.7355 TP1 0.7470 TP2 0.7510 TP3 0.7600

On the daily chart, AUD/USD pulled back after reaching 113% target of the “Double top”. Bulls are trying to return the pair to the 0.732-0.7470 consolidation range. A break to its middle will trigger a “Shakeout-Fakout” pattern.

audusd DAILY.png 

On H1, AUD/USD keeps forming a “Broadening wedge”. Return of the pair to support at 0.7255 will increase the risks of downtrend’s resumption. On the other hand, a successful test of resistance at 0.7410 will open the way up for the pair.

AUDUSD h1.png


XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Latest news

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

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