AUDUSD | Perspective for the new week

FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD broke above $0.6900 to test the $0.6950 area on Friday, herby reaching the highest level since the last time it broke down from this area (early days of last week) to set the tone for a potential bullish momentum in the coming week. In other to make the decision easier, I have identified a key level at the $0.6900 area to guide our actions going forward as a retest of this zone could push the price further up and a breakdown could send the price crashing.

Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Trade active: First entry triggered with multiple entry ahead;

Let's see how price plays out

Best of Luck!
Trade active: Multiple entries trigger,

Goood morning


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.