AUDUSD Buy: Weekly, Daily & 4hr.

AUDUSD Long Thesis
- On the weekly timeframe price is in uptrend from double bottom at 0.7050 weekly.

- Although last weeks candle closed as spinning top the markets gapped to the upside upon open.

- Price has come to a halt at 0.7180 and is struggling to break through because of descending trendline.

- Before we think about continuing higher we need a break & retest of 0.7180 and descending trendline.

- Once broken next upside target is 0.7250 weekly resistance for new bullish leg.

Order cancelled:

Price couldnt break through trendline.