Wednesday, October 25, 2017

AUD USD


AUD USD

Monthly

Q3 - price has break out from the HQV OSUS of 0.7750 - 0.7250 and above the 0.7750 as of July 2017 with it`s target is towards 0.8750 if break 0.8250.

However, price remain fail to break or reach 0.8250 whereby the highest it could achieve by end of Q3 by September 2017 was at 0.8125, thus that signalling a failure to stay above the 0.7750 - 0.8250.

Q4- as it suggested by previous price move, bearish trend was on the move from 0.8125 towards 0.7750 and below. And as of now, it would seem that price will be back onto the OSUS zone by October closing

IF you were to sell anywhere from 0.8000 and above, you may hold the sell setup towards 0.7775 - 0.7525 - 0.7275 until a next move potentially either it will reject or break below 0.7725.

If price chose to reject the 0.7725 - 0.7775 with a bullish momentum / October closes above it - then the buy option remain open.


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