0,7130. AUD USD is in an uptrend supported by 1H exponential moving averages. AUD USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on AUD USD. The price should find a support above 0,7070 (60 pips). The uptrend should continue on 0,7250 resistance (120 pips).
=> We could take a long position at 0,7130. We will put the stop loss below 0,7070 (-60 pips). The targets are 0,7230 (+100 pips, risk/reward 1:1.7), 0,7300 (+170 pips, risk/reward 1:2.8) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
Resistances
0,7170 - 0,7230
Supports
0,7070 - 0,7040