viper200
Long

Daily view on AUD/USD

FX_IDC:AUDUSD   Australian Dollar/U.S. Dollar
141 1 3
AUDUSD             has been trading higher all year long from 0.68. Currently trading in a bullish channel and looking for longs on current levels for either to the top of the channel or even break which would be 0.80 or slightly higher. Risk should be 1-2 % of your account.
Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
AUD/USD swing based on Market Profile and Price Action
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