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MrVolcano
Mar 17, 2017 5:41 AM

AUDUSD - Retest of SR level Long

Australian Dollar/U.S. DollarFXCM

Description

AUD has been unbelievably strong recently. Price has broken above the dotted red trendline and retested the trendline on the 4hr chart.

Waiting for price to retrace to the blue 1hr trendline to enter long. Expect some resistance around 0.7710 but I think price could now make it to 0.7760 before hitting major selling.

1h Chart
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