Thursday's SPOT AUDUSD - counter-trend profit taking to be extended
A small sequence of higher daily lows and a rally in Asia above the 100 day average rate were positive for AUDUSD sentiment on Wednesday, but a loss of intraday momentum into the European open, while not providing a sell signal left the outlook more cautious and neutral. This was confirmed as sentiment traded sideways for an unchanged close. However, further buying in Asia this morning above the 100 day line has improved signals and the outlook for Thursday is to go long on the open and then at .7796, the 100 day average rate with a stop loss at .7769, Wednesday’s low. Targets are to .7830, the 5th Oct Marabuzo line, .7866/75, October’s highs and .7890, the 27th Sep top.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.