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