Ace Trading Academy - AUDUSD Analysis Current Trading Plan
Right now AUDUSD is at a strong support/resistance but didn't break through it. It has bounced up off the support zone so we can see it retesting to the previous resistance zone seen in the box. Don't trade inside the zone unless you want to catch the retest to the previous resistance box. Overall downtrend so we are looking for sells currently but wait for the retest and push back down. Patience is key on this trade! Wait for a break of either zone to make a decision.
~ Ace Trading Academy
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