Buying bias on AUD/USD, what do you see

2022년 3월 13일

I believe Aussie still has a few more bullish runs ahead of her. The only way bears could change the course of the bullish momentum is if they manage to push the price below the 50.0% fib level, which would technically compel the price below the 100-day SAM.

More so, the bull still has the 200SAM to use as technical support, which also liaised with the 61.8% fib level, making it a very strong confluence zone. Any surge below this confluence zone would be a hard drive to the bottom.

Till then, I will be looking for a buying opportunity.

Trade setup:

Buy stop - 0.7330

Stop loss - 0.7280

Take profit - 0.7500

Disclaimer: Trade this setup at your discretion (I might not trade it).