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15 May 2015
AUD/USD remains a buy on dips – CharmerCharts
FXStreet (Barcelona) - Carol Harmer of CharmerCharts, adopts a buy on dips approach for AUD/USD towards 0.8033/27, expecting the pair to retest the high at 0.8101.
Key Quotes
“We have a nice uptrend line coming in at 7904 so even if we are stopped with these 2 trades..we can wait for the Aussie to get back to the trendline and try again.”
“Technically there is no reason why we cannot trade higher...but with everything about trading its picking the right levels, to be able to use the right stop/loss.....and if you lose the you get back on that horse and do it again.”
“I like the Aussie...I think it is a very good technical market....so that is the plan today..buy into any weakness to 8033/27, stops below 8000 and try again at 7972...if that fails we leave it alone until it gets to its trendline.”
“8101 today is your daily Pivot, and I think after this correction we will be able to get back up there and at least test it.”
Key Quotes
“We have a nice uptrend line coming in at 7904 so even if we are stopped with these 2 trades..we can wait for the Aussie to get back to the trendline and try again.”
“Technically there is no reason why we cannot trade higher...but with everything about trading its picking the right levels, to be able to use the right stop/loss.....and if you lose the you get back on that horse and do it again.”
“I like the Aussie...I think it is a very good technical market....so that is the plan today..buy into any weakness to 8033/27, stops below 8000 and try again at 7972...if that fails we leave it alone until it gets to its trendline.”
“8101 today is your daily Pivot, and I think after this correction we will be able to get back up there and at least test it.”