Wednesday, November 5, 2014

AUDUSD Update and Trade Setup 5th November, 2014

AUDUSD Update 5th November, 2014


Daily Chart


  • As gold breaks serious support, AUDUSD follows with a lag
  • With my other post on the DXY, its hitting resistance, so this trade could be a little more riskier 

Hourly Chart




  • Finally broke out of a range breaking support and new lows for the year.
  • Targets are around the 0.858

Outlook Trade opportunity

If market gives a retrace back to the breakout level, zoom into a 15min / 1hr chart for entry

Risk Level - Medium


Tips -

Always take note of any economical news event on our provided calender below



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