andrew.berg

AUDUSD range with upside bias

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Daily chart: head and shoulders resolved to upside after it broke neckline at 0.91000. We had follow through to 0.94610 then entered into complex pullback (bull flag) which was broken up with potent, igniting candle and now it is building nice upper level base above all key moving averages.

Shorter-term tech analysis:
Pair entered into rnage bound market sith support zone from 0.93322 to 0.93465 and resistance zone 0.93933-0.94081

Trading plan:
entry close to support zone then on break up of trend line inside of that range and then on break up of resistance.

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