Mihai_Iacob

AudUsd- Buy dips on a possible correction

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AudUsd has consolidated on its lows for around a month and finally, last week, broke up strongly.
The pair reached 0.65 important resistance on Friday's NFP and now there is a possibility of a retracement.
This drop could represent a good opportunity for bulls and 0.6430-0.6450 is the buy zone.
A new test of 0.65 after the correction could lead to a break and 0.66 resistance could be the target.
In the longer term, 0.68 is not out of the question

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