AUDUSD: Looking for more upside this week
We can see that AUDUSD is still in a strong uptrend with the recent annoucement of rate cut. The price is moving nicely above the trendline.
We can probably expect a pullback back to the first horizontal support level first, if that level is broken, then the trendline support is a good entry.
Looking for upside movement for this week, can be easily 100+ pips!
We can probably expect a pullback back to the first horizontal support level first, if that level is broken, then the trendline support is a good entry.
Looking for upside movement for this week, can be easily 100+ pips!
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