Daily AUD/USD position trade
Daily AUD /USD has been in a long period of consolidation. The Dollar Index looks like it is headed lower and if this happens AUD / USD will have a push to the upside. I have gone long here with a stop at .7699, but more conservative traders can wait for the breakout of the daily trendline that comes down from the 25 Feb high to be taken out.
The monthly chart points to .8600 being tested again.
The monthly chart points to .8600 being tested again.
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