Wednesday, 6 April 2016

AUDUSD TECHNICAL ANALYSIS

The AUDUSD,
In the short term,  this pair is bullish.  We have had our entry signal: a convergence of 3 signals:
1.  A  piercing line candlestick formation,  followed almost immediately by a morning start formation.
2.  There has also been a break of the counter trendline,
3. The market U-turned at the .618 retracement level
We thus have THREE reasons to enter the market

The market is expected to rally to its 1.618 extension level of 0.7841, and then make a new high around that level.

To your trading success,  Fx-Kalapanzy

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