Aussie: I want to BUY, but need a bounce at 0.7200
Last week, I hoped A/U extended the rally after strong employment report,but unfortunately the drop of commodity price cut the advance.
However, I want to BUY Aussie ahead FED meeting.
A/U now stops at key support level at 0.7200; it also SMA100 and near the celing of Kumo cloud. Kumo cloud here is very thin, so it's hard to hold A/U, not a meaningful support.
This week, I watch carefully the reaction of AUDUSD around 0.7200 level, if I see a real bounce, I will jump in BUY, if it breaks Kumo cloud, a SELL is activated.
However, I want to BUY Aussie ahead FED meeting.
A/U now stops at key support level at 0.7200; it also SMA100 and near the celing of Kumo cloud. Kumo cloud here is very thin, so it's hard to hold A/U, not a meaningful support.
This week, I watch carefully the reaction of AUDUSD around 0.7200 level, if I see a real bounce, I will jump in BUY, if it breaks Kumo cloud, a SELL is activated.
