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YourLazyTrader

AUD/USD has formed a bullish daily candle in the demand level

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
YourLazyTrader  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis AUDUSD audusdlong audusdforecast audusdsignal audusdanalysis
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trendanalysis chartpattern beyondta audusd audusdlong audusdforecast audusdsignal audusdanalysis
A bullish candlestick has formed in the daily chart at a very important demand level. This could be a very significant development for AUD/USD
traders as price may have started reversing.

Buyers can buy as long as price doesn't break the demand zone that I have highlighted in my chart. If the reversal is confirmed then AUD/USD could reach 0.70 level in the next few weeks. 0.6680-0.6720 remains my favored buy zone.
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