With the failure to break rising wedge, the AUDUSD is more likely to re-test 0.8030 horizontal mark.
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Disliked{quote} Curious as to your reasoning when it's dropped 66 odd pips in the last hour? Maybe better to wait for support to materialise first?Ignored
Disliked{quote} I'm holding too. Looks like its gonna be some months. The USD weak data ia holding up the USD rate rise. How high it will go? Looks like its just following technicals and news. Bad news USD=rise to next technical resistance. I would rule out 85 if the USD news keeps sucking like it has been. Thank Glenn Stevens.Ignored
DislikedOk, it seem many market participants are agree to go long. in 22 minutes we have news , I will move SL @ Breakeven or at least I will close half and lock profits and remove TP . Mabe the news are bad for USD and AUD will show some burst {image}Ignored
Disliked{quote} Potential for long . If the price fall below SL , setup nulified : {image} More clearly visible on 1m : {image}Ignored
DislikedWith the failure to break rising wedge, the AUDUSD is more likely to re-test 0.8030 horizontal mark. {image}Ignored
Disliked{quote} Well is retesting that point now, and may just be at support? {image}Ignored
Disliked{quote} Agreed, lets hope that the pair breaks 0.8030 and re-test 0.7900 region.Ignored
Disliked{quote} Hi Fx_Anil, In fact, I have just gone long expecting a bounce......Ignored