This has broken above the previous high and is now retracing back to test it as a support. A long can be entered here if we see the rejection. MACD and EMA's are bullish, especially on the daily timeframe. I have set 2 take profit targets, I originally was only looking to reach TP 2 but that could be too ambitious and who knows what can change in the time it would take to get there. TP 1 is a good target as well and still makes for a good risk/reward ratio.
Aud looking good across the board. Has good potential
EasyCharts
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@EasyCharts would prefer a slightly deeper pullback personally
olly48
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@EasyCharts, certainly possible. 0.382 Fib would take it to the resistance on the 29th Jan but thats also back below the current resistance that it broke through. Either way SL protects against that.