Report
Steve Lucas

AUDUSD - dip buying signalled to dominate investor sentiment

A long trend of higher weekly lows & highs has kept this week’s signals for the AUDUSD pointing higher, but with daily sentiment much overbought at over 2-year highs the call is a cautious one and is to buy dips. Monday’s trading saw sentiment trade sideways to higher, sentiment improving modestly. With no sign yet that demand is ending the outlook for Tuesday is to buy on the open and then at .8004, today’s opening trade in Asia with a stop loss at .7975. Targets are to .8044, today’s Asia high, .8067, last week’s over 2 year top and .8095.​

Underlying
Provider
3cAnalysis
3cAnalysis

​3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.

Analysts
Steve Lucas

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