AUDUSD Update and Trade Setup 5th November, 2014
AUDUSD Update 5th November, 2014
Daily Chart
- As gold breaks serious support, AUDUSD follows with a lag
- With my other post on the DXY, its hitting resistance, so this trade could be a little more riskier
Hourly Chart
- Finally broke out of a range breaking support and new lows for the year.
- Targets are around the 0.858
Outlook Trade opportunity
If market gives a retrace back to the breakout level, zoom into a 15min / 1hr chart for entry
Risk Level - Medium
Tips -
Always take note of any economical news event on our provided calender below
