Weekly Forex Trade Analysis & Chart Analysis by ZR Traders –14th September 18th September, 2020

AUDUSD (Spot)

AUDUSD (Spot) – Pin Bar Signal forms after pull back to support.

Short Term Trend: Bullish

TP1 0.7374 TP2  0.7466  TP3   0.7557 SL  0.7192

Short Term Key Levels: 0.6560, 0.6670, 0.6970, 0.7050-60 area, 0.7200.

Potential Trade Idea: We will consider trading long after a retracement, and after a price action buy signal on the 4 hour or daily chart timeframe to confirm an entry, whilst prices remain above the 0.7050-60 key support area, in anticipation of a continuation higher towards 0.7395.

NOTE – You can trade Spot AUDUSD via the preferred trading platform we use HERE.