AUDUSD IS BOUNCING OFF TRENDLINE
From Daily Timeframe the AUDUSD Pair is bouncing off a lower trenline of a bearish channel which is acting as a major support level, a fibonacci retracement level of 38.2% confirms 0.7028 price level as a major support also. with bullish engulfing candlestick price Action setup, a of the price above 0.7106 will Push the price to 0.7185, then 0.7285 price level.
At the other hand a break of minor support at 0.7090 on 1H Time frame will give the price a pull back to 0.7071, then 0.7045
BIAS; BUY PENDING ORDER @ 0.7106 TARGET1 0.7185 TARGET2 0.7285
At the other hand a break of minor support at 0.7090 on 1H Time frame will give the price a pull back to 0.7071, then 0.7045
BIAS; BUY PENDING ORDER @ 0.7106 TARGET1 0.7185 TARGET2 0.7285
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