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My AudUsd and NzdUsd longs stuck for now

My Aud and Nzd longs are not moving today

I seem to be stuck around 80K, after losing some in a GbpUsd long
that I closed quickly when it failed
I opened AudUsd and NzdUsd longs but these are stuck on significant levels
AudUsd around 0.75 and NzdUsd around 0.7
I will have to wait
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Bit of drawdown but could be alright

I am currently suffering some drawdown due to my EurUsd long
I went long EurUsd around 1.045 - and that was a bit too high
I added a NzdUsd and a AudUsd long, and they are about break-even
I anticipated some drawdown - but I still see 1.04 area holding
Things looked good last night when we hit 1.05, but UsdJpy is stronger today,
bringing Eur down a bit
I will hold on to my long Eur, in anticipation of UsdJpy failiure above 1.18 again
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AUDUsd pushing to break long term downtrend

AudUsd is looking to challenge long term downtrend
Looking at the weekly chart I see a long term downtrend:
Indicators (DiNapoli) and SMA's are pointing to bullish action, though
And a shorter term trendline seems to be leading the pair up to longer term downtrend upper border
On the daily chart it becomes more clear:
Here too, indicators are mostly bullish, and we can see price action playing out
I believe that longer term trendline will be tested and should hold at first
The daily trendline sh…
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Pair is looking bullish now, after pushing above 0.76 (after RBA rate cut!) and staying above that level even after strong US data today - my target seems near now

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AdamFx42 15 Ago

pair is slightly above target now - looking good

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AdamFx42 15 Ago

Upper trendline has held the move up - as I predicted - probably a retest to come though, pair should be led slightly lower, as it is declining trendline, this means that 0.77 should be resistence now

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AdamFx42 21 Ago

Price is holding just below target and above 0.76 support - I am happy

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AdamFx42 26 Ago

Right on target now - nice

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