AUDUSD Resistance and Support
Updated
Bull Pennant did not follow through although it has bounced of the trend line (yellow) and has picked up some momentum. If it passes 0.738 we could see new highs of 0.744 or even 0.75
or alternatively if it losses momentum before 0.735 we could see it turn bearish and retest the 1st Support level at 0.715 if it breaks through, it could test the 2nd support level at 0.70
or alternatively if it losses momentum before 0.735 we could see it turn bearish and retest the 1st Support level at 0.715 if it breaks through, it could test the 2nd support level at 0.70
Trade closed: target reached
Opened my short position at 0.73, just closed it at 0.695
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