Hello traders,
let’s see what the market has for us this week.
1. AUD/USD
Since last week, the AUD/USD lost its bullish steam just below the key resistance zone.
Waiting for the close of the daily candlestick will be wise before taking this trade. If the bears give us a go-ahead to sell, then we should be targeting support level 0.69992.
However, if the resistance zone gets broken, then price will most likely hit the upper end of the key resistance zone (0.72572)
2. AUD/JPY
AUD/JPY has a similar setup as AUD/USD. The only difference is that the AUD/USD has a better reward if price reverses.
But…, if price continues its bullish ascension, the AUD/JPY, has a better reward (83.869) than the AUD/USD
What say you?
For those who are interested in joining our FREE trading group on Telegram, where trade ideas and trade-related topics are discussed, which could assist your trading career while being infected by positive vibes
hit us on Pip Crafters
