AUDUSD - End of Week Update Forecast and Trade Setup
Daily Chart
- Daily Chart could still have the potential to test the upside towards the 0.95 / 78.6 fib and could fall from there
- There is however slight negative divergence on the stochastics
- Ichimoku Clouds - Trading above but inside clouds (Bullish)
Hourly Chart
- H4 Chart is coming close to resistance zone / weekly pivot and 61.8 fib which in this case could be the golden fib for trades because of the setup of confluence.
Outlook Trade opportunity
As per analysis earlier in the week, I prefer to sell on pullbacks (therefore look at my h4 chart)
Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
