AUDUSD might form trapping in Fibo 78.6%

12 בנוב׳ 2023

Hi traders,

After impulsive bullish movement in the previous week, AUDUSD is moving back to its support. This is mainly after FED Powell comment regarding the US interest rates. RBA delivered interest rate hike as expected.

From technical analytics point of view, there is possibilities that AUDUSD might be bounce back from its Fibonacci 78.6% and follow the parallel channeling.


Good luck with trading next week.

Disclaimer ON

13 בנוב׳ 2023

הערה

We are seeing AUDUSD will still follow the parallel channeling. Tomorrow will potentially confirm the move since there will be US CPI announcement

Good luck!

14 בנוב׳ 2023

הערה

AUDUSD is surging after CPI is softer than expected.

AUDUSD is aligned with the plan earlier this week.
Good luck!

15 בנוב׳ 2023

העסקה בוטלה באופן ידני

Congratulations.
Given there will be big announcement for Australia, you can consider closing your profit position.

Happy profit!