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AUDUSD – Aussie/dollar buying opportunity setting up again
If you’ve been following or recent commentaries on the AUDUSD, you know we had recently been looking to buy from 0.7500 – 0.7520 on a pull back. Since then, our view has panned out and price has indeed bounced from 0.7500, moving all the way up to 0.7740 area before recently pulling back again to the downside. From here, we are watching this current pull back and looking to buy near 0.7500 – 0.7550 by either waiting for a price action confirmation entry signal or entering on a blind entry within that support zone.
Gold – Gold surges higher from $1200.00 key support
Gold has undergone a very strong surge higher since it bounced at $1200.00 key support; a level we had been watching for buying opportunities as we discussed back in our February 14th commentary. Our views remain similar; we see support at $1220.00 – $1200.00 as a key buy zone and ‘line in the sand’ for buyers / bulls, so we will wait and look to buy on a pull back to that support zone, either on a price action buy signal or a blind entry.
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