Chart in Focus: AUDUSD
The AUDUSD reversed early-session losses today to form a bullish pin bar after dipping slightly below 0.7750 support. In recent commentaries on this market we have talked about looking to buy from between 0.7750 - 0.7650 and we can see that today price offered us this opportunity again. We see a strong potential for price to push its way up to 0.8030 key resistance from here. Traders not already long from our previous commentaries can look to buy on any short-term weakness in this market whilst above 0.7750 key support level .
Post By Nial Fuller, Founder of Learn To Trade The Market.
The AUDUSD reversed early-session losses today to form a bullish pin bar after dipping slightly below 0.7750 support. In recent commentaries on this market we have talked about looking to buy from between 0.7750 - 0.7650 and we can see that today price offered us this opportunity again. We see a strong potential for price to push its way up to 0.8030 key resistance from here. Traders not already long from our previous commentaries can look to buy on any short-term weakness in this market whilst above 0.7750 key support level .
Post By Nial Fuller, Founder of Learn To Trade The Market.
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