AUDUSD Buy Idea

AUDUSD Buy Idea


AUDUSD             looks like it may get in the region between 0.74190 and 0.73731, and then shoot up. Last time it was in that region was May last year.

FOR EXTRA CONFIRMATION: Note on the D1 chart the rsi is currently below 30 and the stochastic is below 20.

On the weekly chart it shows it still has room to move but I believe it will also go below 30 on rsi and 20 on stochastic , still being in around the region of the support line.

I think this pair will shoot up to around 0.75803 (resistance – aound 120 pips) before retracing and retesting the line. If it breaks the resistance, it may just go up to 0.76588 (around 240-270pips). If not, it may just head back to the support and retest that zone. That’s my analysis for this pair and should keep an eye out for it, but to me it looks like a pretty good long term buy