AUDUSD / H1 / Daily Forex Technical Analysis / 5.24.2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is May 24th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Looking at the 1 hour time frame we can see price action holding support at the .68672 region. We were looking for a minor pullback towards the .6886 area to enter into a Long position. Entry for a Long position near the .68864 area, with a Stop Loss near the .68675 zone, to possibly, with a target profit level area of .69265, to possibly ensure a profitable trade with a 2.12 to 1 R/R.
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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.