fxplan

Trade Plan: AUDUSD / Feb 11, 2016

AUDUSD: fails to hold above the 0.7100 level, corrective rebound from 0.6826 should have completed already.

  • Current trend: Long-term down trend, below 0.7240 resistance could target 0.6826 low first. 
  • Support and resistance:
    S1#0.7045 , S2#0.7000, S3#0.6960
    R1#0.7130 , R2#0.7175 , R3#0.7220
  • Trading tips: Sell
  • Strategy: Sell @0.7090, SL @0.7175, TP @0.7040 / 0.6980

Au