AUDUSD Bullish outlook
Bullish Indications :
Broken a long running rectangle with boundaries between 0.70650 & 0.68691 due to the news release earlier
Moving forward as the other market starts opening up there is expected bullish movement upwards since it has broken the rectangle
Next historical strong resistance 0.71296
Possible Long position when it bounces back from 0.70637 that will confirm its new support level
Entry @ 0.70661
SL @ 0.70500
TP @ 0.70990
Broken a long running rectangle with boundaries between 0.70650 & 0.68691 due to the news release earlier
Moving forward as the other market starts opening up there is expected bullish movement upwards since it has broken the rectangle
Next historical strong resistance 0.71296
Possible Long position when it bounces back from 0.70637 that will confirm its new support level
Entry @ 0.70661
SL @ 0.70500
TP @ 0.70990
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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.
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.