Chart in Focus: Daily AUDUSD
The AUDUSD has held its ground recently following the retest of key support down near 0.7650 last week. We have been anticipating a push higher since the long-tailed pin bar buy signal that formed on February 3rd and our view has not changed. If you're not long already, you can look for a buy entry down between 0.7750 - 0.7650 support if price retraces in the near-term. If price continues to remain buoyant, we could see it eventually head back up to 0.8030 resistance.
Post By Nial Fuller, Founder of Learn To Trade The Market.
The AUDUSD has held its ground recently following the retest of key support down near 0.7650 last week. We have been anticipating a push higher since the long-tailed pin bar buy signal that formed on February 3rd and our view has not changed. If you're not long already, you can look for a buy entry down between 0.7750 - 0.7650 support if price retraces in the near-term. If price continues to remain buoyant, we could see it eventually head back up to 0.8030 resistance.
Post By Nial Fuller, Founder of Learn To Trade The Market.
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