AUDUSD Daily Outlook for 11th December , 2013 (Wednesday)
AUDUSD Daily Outlook for 11th December , 2013 (Wednesday)
Daily Chart
"Price actions shows temporary bullish trend"
- Broke up higher to reach previous weeks high
- Looks like its heading to test the 0.92500
Hourly Chart
"Trade with the flow seems the right thing to do now"
- Stochastic showing divergence from previous low to current low.
- very good price action to the upside yesterday
Outlook Trade opportunity
Trade with the trend, looking for price to retrace to 0.91250 for a long to yesterdays high. (please target 5-10pips below yesterdays high for conservative trade)You could take profit on half, and leave the rest of the trade risk free to see if it continues to go north.
Risk Level - Low
Tips -
Always take note of any economical news event on our provided calender below
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