0,6849. AUD USD is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The downtrend should continue to gather momentum. The target is expected at 0,6700 (149 pips).
=> We could take a short position at 0,6860. We will put the stop loss above 0,6950 (-90 pips). The targets are 0,6750 (+110 pips, risk/reward 1:1.2), 0,6700 (+160 pips, risk/reward 1:1.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
0,6950 - 0,7050
0,6830 - 0,6750