forex day trading tips, aud usd

AUD USD Forex day trading tips

Let’s cover all you need to know to start trading the AUD USD currency pair right now.

Because every second matters, get the currency live charts and forex day trading tips so that you can monitor your trade openings, closing goals and open up yourself for several forex trading currencies to maximize your profits. Forex analysis is used by retail forex day traders to determine buy or sell decisions on currency pairs. It can be technical in nature, using resources such as charting tools. It can also be fundamental in nature, using economic indicators or news-based events. For the signals of today, we are using indicators like RSI and CMO.

forex day trading tips, aud usd

AUD USD Forex trading tips and charts

Monthly shows this pair with three targets. The first target is at 0.68905 – 175 pips below the current position; the second target is at 0.66121 – 453 pips below the current position; the third target is at 0.63370 – 738 pips below the current position. The rsi and cmo is in the buy zone indicating further movement up before this pair starts to move up to the sell zone.

Weekly shows all targets have been hit, therefore there is no trade recommended for this pair on this time frame.


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Daily shows this pair has two targets at present. The first target is at 0.71682 – 38 pips above the current position; the third target is at 0.72149 – 80 pips above the current position. The rsi and cmo are below the sell zone indicating a little further movement up before this pair reaches the sell zone.

AUD USD in the news

The Australian dollar has rallied just a bit during the trading session on Tuesday but gave back some of those gains rather quickly. At this point in time, the market looks as if it is trying to figure out whether or not it can grind sideways or if it needs to pull back.

I do believe that there is a significant amount of support underneath that extends down to the 0.70 level, so it is worth paying attention to. I believe at this point in time, the buyers would be very interested on dips, as the 50 day EMA comes into play and of course it is an area that has been crucial in the past.

Christopher Lewis

Since 2014, AUD/USD has spent much of the time between 0.7953 (the 50% retracement of the long-term move) and 0.68259 (the 23.6% retracement of the secondary move). These levels have provided strong support and resistance through much of this period until prices tumbled to March 2020 lows; after which price action soon returned back into this zone.

DailyFX

AUD USD now using 6885/95 as strong support to top exactly at the next target of 6950/60 according to FX Street.

Aussie dollar traders started to buy hand over fist on Monday as the Chinese government stoke the fires of the bullish run in Chinese equities.

FX Empire writes that Australian Dollar Rallies to Kickoff Week
Australian dollar traders started to buy hand over fist during the trading session on Monday as the Chinese government stoke the fires of the bullish run in Chinese equities, in this video by FX Empire.

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Was it helpful that I shared my signals with you here in the Forex and Profits community? What do you think will happen next with the AUD USD and EUR JPY currency pairs? I’d love to know what you thought of this article. Feel free to like, share and comment in our Forex and Profits Club on Facebook.

Enjoy the week, and see you next time!

Disclaimer:

Before participating in Foreign Currency Trading (Forex Market) you must consider carefully the risks of the market, which has big rewards potential, yet is also extremely risky. Consider all the risks carefully before investing in the Forex Market. Remember that all the information and signals, prices and trade recommendations provided here on Forex and Profits is only a general information and market commentary, thus, does not incorporate investment advice.

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