AUD/USD Analysis
We have three confirmations of AUD/USD Uptrend:
1. Before breaking the monthly support 0.79250 we see that it retraced from the 61.8 Fib and now it is continuing the uptrend.
2. We see AUD / USD Daily Candle Closed above 0.79250 Monthly Support and breaking the counter trend line.
3. Moving Averages on H4 Timeframe confirm a continuation of the uptrend...
Now I expect the pair to go up at least 130 pips.
1. Before breaking the monthly support 0.79250 we see that it retraced from the 61.8 Fib and now it is continuing the uptrend.
2. We see AUD / USD Daily Candle Closed above 0.79250 Monthly Support and breaking the counter trend line.
3. Moving Averages on H4 Timeframe confirm a continuation of the uptrend...
Now I expect the pair to go up at least 130 pips.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.