Thursday, December 6, 2018

Australian pairs to buy targets are too far


The Australian pair declined during yesterday's trading but gives us excellent buying opportunities now and these pairs can be bought with far targets as follows

Buy the Aussie against the Japanese Yen now and targets around 83
The pair retreated from yesterday's economic data, but it is essentially bearish and does not reveal weakness for the Australian and no strength or sustained demand on the JPY
Technically, the pair is trading above 82.25 support and has stronger support at 81.20 and we have a clear buying signal on the MACD indicator that corresponds to a clear sell saturation
Trading Recommendation
Buy the pair from current levels 81.44
Stop Loss 80.00
Take a profit 83.66

Australian buying against the US dollar and targets around 0.73
As we mentioned earlier, the pair's weakness was temporarily affected by the economic data released yesterday, but it is essentially bearish and does not reveal weakness for the Australian while the movements of the US dollar remain calm and the dollar index does not give us a positive form for its movements
Technically we have a clear buy signal and we have a buy signal on the MACD indicator and trade above the 0.7100 key support
Trading Recommendation
The pair is currently trading at 0.7217
Stop Loss 0.700
Take Profit 0.7350


Australian New Zealand buys targets at 1.062
The pair continued to decline during the Asian trading session, but it reached areas of clear buy signal 
Technically we have a clear buying signal on the MACD indicator as the pair is trading above 1.049 key supports
Trading Recommendation
Buy the pair from current levels 1.0512
Stop loss 1.048
Take Profit 1.067

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