The place my comdoll-trading pals at?
I KNOW you’re not but uninterested in buying and selling the Aussie as a result of AUD/USD and AUD/NZD are hanging out close to fascinating inflection factors!
Have a look, yo!
Appears to be like like Aussie bulls have taken a chill capsule across the .7550 psychological space after pushing the pair larger for the reason that finish of September.
Is AUD/USD due for a reversal? Search for constant buying and selling beneath .7450, which signifies that the Aussie has damaged beneath its 100-pip vary on the 1-hour timeframe.
The .7400 deal with could be a good goal however the bears also can drag AUD/USD to .7370 if they’ve sufficient momentum.
If AUD/USD finds assist at .7450, then the pair may keep inside its short-term vary. You may whip up your bounce performs or purpose for a development continuation relying on the momentum we see on the retest of the range support.
Within the temper for a less complicated vary play?
AUD/NZD is flirting with the 1.0425 space that has been efficiently supporting the Aussie since late September.
Shopping for on the first indicators of a bounce would yield the most effective risk ratio if AUD/NZD pops again as much as the 1.0525 vary resistance.
When you see AUD/NZD break and keep beneath the vary assist that we’ve marked, although, then you have to be prepared to modify biases and commerce a attainable 100-pip breakout.
What do you assume? Can AUD/NZD keep its 100-pip vary?