Can AUDUSD bounce from major level of support?
Updated
AUDUSD is currently bouncing around on a daily level of support. Price action has reversed many times from this level. Adding our confirmations is sellers exhaustion on the previous daily candle's closure. The risk to reward on this setup is looking good. Long position opened at 0.70750 with a 20 pip stop.
Note
Waiting to see upside momentum to set profit targets
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