AUDUSD Breakout and Retest Continuation StrategyThe market has broken and closed above the significant psychological level of 0.6800, establishing a range zone above this point. Given the prevailing bullish trend, I see a strong possibility for continued upward movement. Currently, the market is testing the weekly level, and it may consolidate within this range for some time. I expect a pullback to the robust support level below, and potentially to the trendline, before making another upward push. Ultimately, I anticipate breaking and closing above the recent higher high (HH) level. My target is the resistance zone at 0.68530.
Traders, if you find this idea helpful or have your own insights, please share your thoughts in the comments. I’d love to hear from you! 👩💻