AUDUSD saw a move higher this week largely due to the weakness in the USD. We have now seen price stall at the recent resistance of 0.7340 and could see the market hold here forming a brief consolidation.
Typically when the market breaks higher we will see a short pause before buying resumes. A break and close above the resistance we will look for continued long opportunities into the next resistance of 0.7500.
Typically when the market breaks higher we will see a short pause before buying resumes. A break and close above the resistance we will look for continued long opportunities into the next resistance of 0.7500.