AUDUSD: BUY
Based on multiple Fibonacci levels drawn off of the Daily time frame and also the H4 time frame, we can clearly see that there has been ample opportunity for bulls to enter the market on AUDUSD starting October. We are seeing another entry level off the the 38.2 of the Fib (both larger Fib drawn and smaller). Expect to take profit right around the 138.2 to 161.8 levels.
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.