Overall view of AUDUSD - Update of July 15th's week
Updated
The currency pair have consolidated since for 1 month with clear supply and demand levels. After a false breakout on July 9th, AUDUSD reentered back the previous consolidation zone by a bull spike. However a decline of inventories including short-retail traders could display an upcoming bearish pressure since we are close to the support zone.
Possible Targets: @0.70500 (+25 pips)
Advice: Stay bullish and buy any low points while we don't break downside @0.69800 level.
Possible Targets: @0.70500 (+25 pips)
Advice: Stay bullish and buy any low points while we don't break downside @0.69800 level.
Trade closed: target reached
Target was successfully reached!
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