SamKent
Long

AUD/USD Pullback Buying Plan

FX:AUDUSD   Australian Dollar / U.S. Dollar
142 0 3
The AUD/USD             has been trending higher with a very well defined structure. As we can see in the highlighted sections, the pair seems to find enough buyers for the continuation of the bull trend at the 61.8% fib retrace alongside the 35 RSI area. Therefore, our current plan of action on the pair is to wait for another such opportunity, we're looking for confluence between the 61.8% fib around the 0.8700 handle, coupled with the ascending channel trend-line support, and finally we'd like to see RSI at around the 35 level.
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