Trading RBA – Looking in something AUD
You know that I was targeting AUDUSD last week, partly next week there’s high impact data from RBA.
Most important, from Tflow point, AUDUSD broke a strong support.
— TerraSeeds FX Tflow® (@terraseeds) January 23, 2015
How about other AUD related pairs? Anything which are worth a look?
Look for levels
I saw AUDCAD Head shoulder pattern, it immediately caught my attention.
But most important I went to look for Support/Resistance levels.
Head shoulder pattern formed, with 1234 at right shoulder
HS completed, but price is too far from pt 4. Using Fibonacci, we could steal some discount hoping for price to retrace higher
Some support levels to note, especial 9700, 9400