Strifor || AUDUSD-29/02/2024
Preferred direction: BUY
Comment: A medium-term long-trade is considered for the AUDUSD currency pair. We highlight two main scenarios that differ from each other in the depth of the current downward correction. A more likely scenario №1 involves an entry slightly below the level of 0.65000, after the local minimum is updated (look at the chart). We also don’t discount scenario №2. It will be especially effective to look at the divergence strategy to find a potential long entry point.
Buy-deal target level is 0.66000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Comment: A medium-term long-trade is considered for the AUDUSD currency pair. We highlight two main scenarios that differ from each other in the depth of the current downward correction. A more likely scenario №1 involves an entry slightly below the level of 0.65000, after the local minimum is updated (look at the chart). We also don’t discount scenario №2. It will be especially effective to look at the divergence strategy to find a potential long entry point.
Buy-deal target level is 0.66000.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for like and share your views!
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