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AUDUSD Approaching Support / Potential Buy Level, 5th April 2016

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    AUDUSD – Aussie/dollar retraces toward support The AUDUSD has fallen back to the support at 0.7490 that we discussed in this week’s weekly forex outlook. If price holds firm near that support we could see it continue to move higher this week. We would prefer to see a price action buy signal on the 4 hour or daily chart from current levels down to 0.7490 or just below before initiating any longs though. Copyright 2016 Learn to trade the market

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