Instrument: AUDUSD
Intraday: Bullish
Technical Analysis
Preference:
Buy if price trades above 0.69097 with take profit at 0.69518.
Alternative scenario:
Sell position is envisaged if price trades below 0.68825 with take profit at 0.68511.
Fundamentals:
1:15pm USD ADP Non-Farm Employment Change
Comment: This instrument bounced off a support and has seen strong bullish momentum which is expected to continue if the resistance on the 1Hr timeframe is broken.
Analysis: SCRUM Team