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Technician

AUDUSD: Hammer at Support

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Technician  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis
86
8
trendanalysis
Looking to long AUDUSD this week. Following the recent selloff the price formed a hammer candlestick at the key support area. A confulence of horizontal support and fibonacci retracement level.

The trade idea will be invalid if breaks below 0.7780.

Trade with care
Technician
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