Mihai_Iacob

AudUsd could rise towards 0.7

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
After breaking above 0.65 resistance, AudUsd accelerated its gains and reached a local top at 0.68 in mid-November.
For the last 2 weeks, the pair was in correction and consolidation and has put a nice symmetrical triangle on our chart.
As long as the price stays above the up-mentioned resistance/now support, bulls hold the upper hand, and odds are in favor of continuation to the upside.
Buy dips against 0.65 could be a good strategy with a focus on R:R




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