MD13Financial

AudUsd | October coming to a close

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AU has formed a beautiful double bottom on the weekly (look out for retest on that double bottom neckline this week or next). Last week we had a necessary pullback throughout the week to match daily market flow. After returning to 0.68103, we look poised to push up once again towards 0.6900 and 0.7150. From the 4H, we do see exhaustion on the proper side and a transition occurring on LTF. If we close below 0.6800, this long setup would be invalid.
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