AUDUSD Trade Idea
AU is currently in a range bound condition after an extended bullish condition. Three main technical levels to pay attention into are 0.7520, 0.7580 & 0.7638. Currently remain neutral bias, until price reacts at 0.7638 to show potential double top setup or a breakout setup. Personally, will avoid taking any position in between the range, however, do not forget that the overall trend is bullish on the higher timeframe.
Trade safe.
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Trade safe.
Do follow my profile for daily fx forecast.
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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.