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Nov 22, 2023 9:58 AM

AUDUSD D1 - Long Signal Long

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD has successfully executed an upward breakout, skillfully navigating a retest after surmounting the significant 0.65 threshold—a resistant range that has steadfastly held its ground for a considerable duration. Anticipating a pullback, seizing a buying opportunity within that zone seems prudent.

A substantial upside potential beckons from 0.65, stretching toward our ambitious targets of 0.67200—a robust 220-point range. Notably, minimal resistance is expected beyond 0.65700 along this upward trajectory.
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