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AUDUSD - We look to Buy at 0.7614

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Apr 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    AUDUSD - We look to Buy at 0.7614 (stop at 0.7584) AUDUSD - Broke the sequence of 2 negative daily performances. A bearish Head and Shoulders is forming. Trend line resistance is located at 0.7680. The 261.8% Fibonacci extension is located at 0.7665 from 0.7510 to 0.7569. There is no clear indication that the upward move is coming to an end. Further upside is expected and we look to set longs in early trade. Our profit targets will be 0.7664 and 0.7680.

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