AUDUSD / H1 / Daily Forex Technical Analysis / 8.1.2019

Aug 1, 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is August 1st, 2019 and we will be taking a look at the Australian Dollar against the United States Dollar. We are currently looking at the 1 hour time frame and are looking for price action to retest it previous area of resistance at the .687 area. If price action cannot regain control above the .687 resistance area we will be looking for an entry short! Entry for a Short position near the .68749 area, with a Stop Loss near the .68962 region, and a profit level area of .68324 to possibly ensure a profitable trade with a 2 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!