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AUDUSD Potential Long Opportunity

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
geckotrade Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Technical Indicators
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trendanalysis indicator
This pair has broken through the most previous level of resistance, and has hit the next level of resistance around 0.70800. I'll be looking for price to pullback around the 61.8% retracement which lines up with structure for a long trend continuation trade. I'll also be looking for RSI to be oversold.
Comment:
This is also a head and shoulders pattern!
Comment:
Price has broken through resistance. I will still be waiting for a pullback to get involved.
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