TopL TopM TopR
MiddleL

AUDUSD 22 Oct - trades for now!

AUDUSD trading opportunity
AUDUSD 1 Hour Chart
Monday, 21 October 2013 at 6:45:00PM AEST

In the last five trading days, AUD and NZD were the best performers against the USD, so these two pairs are definitely on our watch list for longs...
1 HOUR   I   4HOUR 
AUDUSD 1 Hour Chart
Monday, 21 October 2013 at 6:45:00PM AEST

In the last five trading days, AUD and NZD were the best performers against the USD, so these two pairs are definitely on our watch list for longs. On AUDUSD we are tracking an impulsive advance from 0.9387 that should be made by five waves. For now we see prices rally up in final stages of wave (iii) so longs could be interesting after a wave (iv) pull-back.

 
BACK TO TOP »


AUDUSD 4 Hour Chart
Monday, 21 October 2013 at 4:30:00PM AEST – uptrend continuation

AUDUSD accelerated to the upside last week which has been expected for a while as we are tracking an impulsive structure from late September swing low. Notice that pair moved out of the base channel which is usually a confirmation for a wave three in progress in the middle of a five wave rally. With that said, we think that pair will move much higher in this week but before that prices may find a temporary resistance around 0.9700-0.9730 region for a wave 4 pull-back.
BACK TO TOP»

 
 
 

 

Archive by Years
CS.Categories

MiddleR
BottomL BottomM BottomR