AUDUSD Trade Idea
AU is currently in an uptrend, forming clear higher highs and lows. We did have an upwards breakout yesterday breaching 0.7740 resistance zone. Due to the wide range, be aware that it could have a deep pullback shaking off breakout traders, potentially back to re-test 0.7722 zone before further bullish continuation. Will be looking for short-term buying opportunities with 0.7776 (previous day high) as our initial target, further target will be at 0.7822 zone.
Trade safe.
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Trade safe.
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Note
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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.