AUDUSD Trade Idea
In yesterday's analysis, I discussed about the possible re-test of 0.7701 minor support zone with further continuation towards the upside. On 29th Jan - 5th Feb I've been talking a potential reversal back to the long-term bull trend due to the falling wedge pattern, which was exactly what the market performed. I noticed that yesterday's rally was relatively weak with RSI approaching extreme overbought condition (75). In today's trading session, I will be focusing on pullback towards 0.7703 minor support zone with 18ema/ 50ema as confluences, targeting the 0.78 resistance zone.
Do not forget the overall trend remains bullish on the higher timeframe.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Do not forget the overall trend remains bullish on the higher timeframe.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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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.