AUDUSD LONG
AUDUSD is showing support on previous HL. This is a indication for trend continuation, price is also above the 200 EMA showing that the pair is still in a strong uptrend. Price is also showing decent rejection on a bullish trend line. If price does not break and retest the current support level, a long position will be beneficial.
Note
The AUDUSD pair is now finding support on the bullish trend line, showing potential to the upside, a good buy position should be opened when the price breaks above the HH. A good sell position would be opened when price breaks to the downside and the trend line is broken.
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.
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.