Aussie daily Outlook

Today most pairs are expected to trade in a tight range, why expected? Because its how they have been trading in the last couple of days. After the sharp moves we saw earlier last week they need to take a rest!

So, for most of them we will be trying to play de range, buying near the bottom of the range or going short at the top of the range. And obviously, all take profit orders will be placed at the opposite extreme (nothing more).

Here is the expected range in the Aussie

Aussie analysis
Aussie analysis

Green lines are short term support and resistance lines. Blue lines are long term S&R levels.

Good luck to you all!

RL

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .