AUDUSD: Breaking above the rate cut key level

AUDUSD is set to start accelerating as the massive long term accumulation pattern leads to a rally of monthly scale here. If not long, jump in now with 0.5% risk. Your downside risk is 60 pips give or take, for aggressive traders, and a drop back to 0.76 for more conservative long term positions.
Once we move above 0.7350, we'll have further confirmation that the long term rally I predict is underway and we can expect prices close to 0.84 to get hit.

Good luck,

Ivan Labrie.

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*above 0.7835

Trade closed manually:

We closed most of the positions before the election, and closed the rest after the rapid drop started.

Now, we can get a new buy opportunity after the dust settles.

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Support is holding, we can take positions again very soon.

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Check out how the support held, I bought back the positions after closing higher last night today between 0.7685 and 0.7653.

Trade active

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I closed upper entries and kept my last buy from 0.76335, stop 0.7579

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