AUDUSD - End of Week Update Forecast and Trade Setup

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.
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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

First Pour Brisbane at Veneziano Coffee Roasters

Located at an industrial area in west end but is in the transformation to high end residential apartments I find this cafe stand out. With timber features and welcoming design I ordered my coffee and breakfast muffin , I decided to walk up the second level and picked a table.

Coffee came and its perfect for strong coffee lovers like me. (More towards Italy taste I suppose). 

Bacon and egg muffin was average but their other selections do look more appealing!

Will come again for the coffee and atmosphere