AUDUSD - Daily - Pushing above 200
Quick idea.
AUDUSD bulls are having a good time right now and they are pushing the rate above the 200-day EMA. This year has not been the best for the bulls, as from around the end of January 2019 the pair was on a gradual slide, struggling to make its way above the 200-day EMA.
We are now looking for a throwback in order to look for a possible LONG. But we will have to keep an eye the short-term upside support line and the 200-day EMA. If the rate continues to balance above them, then we will continue targeting the upside.
Please see the chart for details.
Don't forget your stop-loss.
AUDUSD bulls are having a good time right now and they are pushing the rate above the 200-day EMA. This year has not been the best for the bulls, as from around the end of January 2019 the pair was on a gradual slide, struggling to make its way above the 200-day EMA.
We are now looking for a throwback in order to look for a possible LONG. But we will have to keep an eye the short-term upside support line and the 200-day EMA. If the rate continues to balance above them, then we will continue targeting the upside.
Please see the chart for details.
Don't forget your stop-loss.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.