Following up on my prior technical view for the AUDUSD, which i published last month here .. The pair has pulled-back towards the previously broken horizontal resistance-turned-support around 0.7835 where it was rejected last week. And that may have confirmed the level as support. The price formed a hammer candle at that support, hinting a potential bounce back higher in the coming weeks to resume the bullish breakout of the symmetrical triangle that completed few weeks ago.
I am already long the pair see here . Even if this trade wa stopped out, that wouldnt invalidate the overall bullish bias for me, and i will be looking for new buying signals.
Best
Technician
I am already long the pair see here . Even if this trade wa stopped out, that wouldnt invalidate the overall bullish bias for me, and i will be looking for new buying signals.
Best
Technician