AUD/USD with Leonid Vereschagin
Technical analysis. Forecast AUDUSD 03.04.2014
Chart 1. Daily AUD/USD
On the daily chart we see a clear bullish trend with higher highs and lows. The closest support is at 0.9130.
The long position is justified by:
- The uptrend
- The price is above EMA 55
Chart 2. H4 AUD/USD
There will be a correction after which one can open long position.
Stop Loss: 0.9020
Take Profit: 0.9275
Chart 3. H1 AUD/USD
On the hourly chart there’s a local downtrend which will lead us to the proposed trade.
Conclusion: buy-signal is confirmed.