Expecting AUDUSD Mark Up to Continue
Price showed Sign of Strength (SOS) by breaking out on the upside of the range.
The past four trading also suggest that demand is dominating trading as prices closed near its day high.
We may expect a healthy pullback (LPSY: Last point of Support) before price heads towards 0.69316 zone, which is also the 61.80% Fibonacci retracement level.
10D SMA will be our trailing stop, a break below the MA line will falsify the analysis.
The past four trading also suggest that demand is dominating trading as prices closed near its day high.
We may expect a healthy pullback (LPSY: Last point of Support) before price heads towards 0.69316 zone, which is also the 61.80% Fibonacci retracement level.
10D SMA will be our trailing stop, a break below the MA line will falsify the analysis.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.