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TheTradingRoom
May 27, 2022 2:48 PM

Pullback Buy In The AUD/USD Long

FX:AUDUSD1W
Australian Dollar/U.S. DollarFXCM

Description

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The Aussie has broken above topside resistance. Now, there's a pullback buying opportunity in play:

1) Buy 0.7152 (Weekly 38% Retracement)
2) Initial Stop Loss @ 0.7122
3) Profit Target @ 0.7182 1:1 risk vs reward ratio
Beyond Technical AnalysisAUDUSDretracement
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