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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.

 

AUDUSD ran.

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.

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Strong levels

 Head shoulder pattern formed, with 1234 at right shoulder

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HS Pattern

 HS completed, but price is too far from pt 4. Using Fibonacci, we could steal some discount hoping for price to retrace higher

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Steal a discount

 Some support levels to note, especial 9700, 9400

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Some Supports

 

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2 thoughts on “Trading RBA – Looking in something AUD”

  1. Tan Teng Chew says:

    Thanks a lot, very clear cut… Looks like AUD pairs r looking nice at the moment.. xx fingers =)

  2. William Ang Yong Ching says:

    Binni, thanks for sharing in advance. Will plan the trad accordingly.

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