AUDUSD H4 Analysis

3 thg 8, 2020

The AUDUSD chart is driven by a strong bullish momentum, which isn't slowing down. The price once again bounced off a trend line and should respect the upward movement. Furthermore, the USD is still weakening due to COVID-19 outbreak in the US and there are no indicators for any recovery yet. Hence, the trade would be executed as follows:
AUDUSD
BUY: 0.71400
SL: 0.70900
TP1: 0.71900
TP2: 0.72400