AUDUSD recovery today is likely today

Jason Sen DayTradeIdeas.co.uk

Daily Forecast - 21 October 2016

AUDUSD Spot

AUDUSD recovery today is likely today if we hold strong support at 7620/25 & targets 7640/44 then 7655/60 but reach as far as quite strong resistance at 7685/90. Shorts look too risky & above here 7710/20.

It could be worth trying longs at 7620/15, with stops below 7590. Below 7600 however targets strong support at 7560/50. Try longs with stops below 7535.

AUDUSD Current Trading Positions

Sell 50%

Buy 50%

Avg Sell Price 0.7670

Avg Buy Price 0.7618

Liquidity Distribution

Author

Jason Sen

DayTradeIdeas.co.uk

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