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Australian Dollar / U.S. Dollar
Long

AUDUSD: Trading Overbought Market

By VasilyTrader
snapshot

AUDUSD is losing momentum and more and more sellers are taking their profits.
Pair has recently set a higher low and now is attempting to break above a narrow minor resistance area.
if it brakes through it, for us it will be a perfect chance to long the market.

Depending on the type of the breakout most likely I will trade the retest of the broken structure.
Target levels: 0.6805 & 0.6827
audAUDUSDaustraliandollarChart PatternsCurrenciesdollarForexTechnical AnalysistradingTrend AnalysisUSDWave Analysis
VasilyTrader
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