Brad Gilbert

CEO & Founder of Traders4Traders – Brad has been trading for 28 years and was a former Chief FX Trader for Citibank. Brad trades mostly the Asian Market.

Trades: EUR, GBP, AUD, NZD, CAD, JPY, CHF, DOW, SP500, OIL, GOLD

 

Overview

The AUDUSD is getting close to free falling after the RBA left the door open for lower rates if the upcoming economic data comes in weak. At the moment the technicals all point down and the current geopolitical sentiment is also down. Now that geopolitical sentiment could change but for now all roads lead to a lower AUDUSD.

Current Technicals: Down

Hourly Resistance: 0.6786

AUDUSD HOURLY CHART – Current Price 0.6732

Current Fundamentals: Down

Central Bank Sentiment: Down

Geopolitical Impact: Down

Upcoming Potential Fundamental Drivers

Trade Execution

Our Preference

Short positions below 0.6786 with a target at 0.6650

Execution

This is a technical trade so I’ll be using Trendline Trader to execute the order.

Entry level: 0.6774 (Pending Limit Sell order)

Stop Loss: Above 0.6800

Take Profit: Towards 0.6650

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