Here we have a confirmed breakout above the downtrend line resistance, we can expect more upside for AUDUSD, especially after today's CPI report, I think the dollar will ease a bit.
I will be looking for a buy entry if the market retrace to my support zone highlighted on my chart, preferably closer to 0.7000, to get in of what could be the start of a new uptrend
Please support me by boosting this idea so it can get to more and more traders
________________________________________ 💭 | Comment your thoughts below, I always answer. 📥 | Feel free to message me if you have any questions.
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.