Intraday Elliottwave Analysis: AUDUSD, we stay long

Yue Wang LinoCapital

AUDUSD closed above the triangle after job data released.

According to Algo Trader System, both medium term and long term trend point up.

Price also hold above upper bands on H4 timeframe.

Ideally it should be a buy signal.

We maintain long positions from 0.7388, will look to reduce if today close below 0.7372.

Daily support levels: 0.7389 0.7372 0.7347

Daily resistance levels: 0.7440 0.7452 0.7461

Intraday Trade Idea: (Spot 0.7426)

Sell Latentinterest Order: 0.7492

Buy Latentinterest Order: 0.7372

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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