AUD/USD Finally broke out of the downtrend last week, and we will look for a pullback before continuation this week. We can see that this area of .7203 has major confluences. Fib retracement of .618, supply zone, and will be a retest of the last broken structure before continued upside. I will be long this week as this is a HPT :) Good Luck!
Trend line still in tact & expecting a retest of .68 before a last push up to .692 area. Will be looking to short .692-.695 upon a double top formation.
Price made an impulse move upward when it broke outside of the bearish channel. After being rejected by strong TL resistance near 1.06, we have corrected downwards and found a weekly support level at 1.055. Price is now respecting the bullish channel and could possibly have more upside. (Also risk of a possible Head & Shoulders forming). This is not investment...
