Possible break out buy setup
Even though it look like the price is in down trend channel and it stopped at the resistance area, I think the price may break the channel. The reason backing up this view is
1. Dollar index is falling down
2. The strength of this up move look very aggressive as it rise sharply
3. Daily candle is very bullish
So I think on Monday AUDUSD will go up further anyone want to join this ride may have 2 chance
1. AUDUSD maybe retrace from this resistance line then break out. You may bet during this time.
2. AUDUSD continue to rise. Once break out it may retrace so the opportunity is there.
TP at 0.77
1. Dollar index is falling down
2. The strength of this up move look very aggressive as it rise sharply
3. Daily candle is very bullish
So I think on Monday AUDUSD will go up further anyone want to join this ride may have 2 chance
1. AUDUSD maybe retrace from this resistance line then break out. You may bet during this time.
2. AUDUSD continue to rise. Once break out it may retrace so the opportunity is there.
TP at 0.77
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