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FxIntelligenceIN

AUDUSD is still in the ascending channel.

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
FxIntelligenceIN Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines AUDUSD h4 swingtrading
2
0
trendanalysis supportandresistance trendline audusd h4 swingtrading
Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate.

By technical analysis, AUDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy AUDUSD.
Comment:
Pull up "Stop Loss Line" above entry price, maybe 0.7430 - 0.7450 (protection profit to prevent the market from falling into a loss of money.), and the take profit can be adjusted upward to between 0.7500 - 0.7560.
Trade closed: target reached:
Target Reached 0.7600
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