AUDUSD LONG
Updated
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.
Comment
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.
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