AUD/USD: Into Buy Zone by Dane Williams

AUD/USD daily:
au
As I mentioned in my Weekly Trade Preview that AUD/USD is in a strong daily down trend but price is putting in a potential range bottom.

The rejection after the rate cut, as well as that that daily doji looks telling.

AUD/USD hourly:
auh1
On the hourly, price has made a weak push through support into a longer term zone.

Not usually a fan of the fibs, but threw it on and my buy happens to be at the 50%.

Dane Williams – @danewilliamsau

 

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