AUDUSD remains in a strong ascending channel
AUDUSD remains in our ascending support channel and is now testing major support at 0.8021 (pullback support, ascending channel support). We could expect more bullish momentum driving price all the way up to 0.8112 resistance (Fibonacci extension, horizontal swing high resistance).
RSI (34) sees immediate support at 37% where we expect further bullish momentum above. As long as it remains above 37%, or ascending channel support would remain bullish.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (34) sees immediate support at 37% where we expect further bullish momentum above. As long as it remains above 37%, or ascending channel support would remain bullish.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trade closed: target reached:
Bagging more pips!
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It allows me to update you guys better on our trade calls especially in the trade management part :)
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results