AUDUSD has been in a long term uptrend.
After making higher highs and higher lows, price has most recently broken market structure, pulled back to the 78.6 Fib level and has rejected it nicely on the weekly closing as a bullish hammer. I am anticipating price to now continue on its upwards trend with my final targets for this pair being at 0.81260.
After making higher highs and higher lows, price has most recently broken market structure, pulled back to the 78.6 Fib level and has rejected it nicely on the weekly closing as a bullish hammer. I am anticipating price to now continue on its upwards trend with my final targets for this pair being at 0.81260.