AUD/USD Daily Price Forecast – 12th Feb 2020

AUD/USD Daily Price Forecast – 12th Feb 2020

Our AUD/USD Daily Price Action Forecast for 12th Feb 2020 on a 4 Hour time frame chart.

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

AUD/USD Daily Price Forecast – 12th Feb 2020

AUD/USD Daily Price Forecast – 12th Feb 2020

Let us have a look at the summary of the trade…

  • Buy Limit: 0.67071
  • Stop Loss: 0.66722
  • Take Profit: 0.67380

Considering the daily and the weekly chart, the pair may make a big bearish move from here. The sellers on this trade setup may consider taking partial profit and let the rest of the trade run. On the daily chart, the price may find its next support around the level of 117.000. On the weekly chart, it may find its next support at around the level of 116.000. It may start from the H4 chart since the level of resistance is a very strong one. Either way, it may play a significant role to determine its next direction.

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