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FX618Analysis

0.75000 In Sight For AUDUSD! Could NFP Derail The AUSSIE ?

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Dollar Australia / Dollar AS (FX:AUDUSD)  
FX618Analysis  
FX:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Chart Patterns Technical Indicators AUDUSD LONG Parallel Channel Weekly Charts swingtrade Support and Resistance support
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trendanalysis chartpattern indicator audusd long parallelchannel weekly swingtrade supportandresistance support
This week, it would be ideal to wait for the descending channel to break on the weekly timeframe! Today's close of weekly candle would likely assure that the channel has broken and therefore by next week we can take a long trade based on ideal 1:1 risk to reward ratio.

Today's NFP report if it goes in favor of the USD, we might actually also witness the AUD slip and stay within its channel again. Thus today's close of weekly candle is very important and might set the tone for the movement in the coming weeks. For more information, it is advised to observe the main chart.

cheers

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