Agree. It's a strong support with fib level and previously broken trend line. Daily candle is a hammer. It should hold.
tntsunrise
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very nice! another supporting reason
tntsunrise
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haikalwafiqhii
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Does this mean GOLD will goes up too?
SaifurRahman
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Gold does not follow AUD. AUD used to follow gold and had positive correlation. Recently it had negative correlation when market was driven by risk sentiment in last few months. At the moment the only correlation its got is possibly that they both inversely correlated to Dollar Strength.
haikalwafiqhii
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Thank you very much for your time for the explaination. Appreciate it.
tntsunrise
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0.7440 now. time to take profit
mlbo
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Idea stopped out, right? The low around 0.718 price level was taken....
tntsunrise
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i did not enter yet. still watch for price action
mlbo
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i unfortunately did because i saw resonable price move back from the zone... well. lets see. still valid?