Hello Traders,
It's a critical week for all pairs cause a lot of news comes from the European zone and Canada.
AUD // USD ;
0,7685 is the key price for us.
When the price is close to that, we should wait until it got failed to pass it.
Fail Scenario :
The price would go to the 0,78134 level.
After that, we should take profit and wait for what is going on. Cause the 0,78134 - 0,78740 is the reverse area. When we get the confirmation, we should make a decision to buy or sell :)
If it is the buy ;
TP : 0,79813
This is the maximum profit of it that's why you should make sure the confirmation is the still same or not.
This is not Financial Advice !!!
Note: Overbought zone is green and oversold zone is red. The orange zone represent reverse zone.