trendtrader

AUDUSD Long Position in Near Term

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The strong upward trend in AUDUSD seems to want to continue, as can be seen in the chart above. I expect the upward move of AUDUSD to continue in the near term, and test the next resistance level of 0.65350, which is where I have placed my take-profit target. I expect some volatility in this pair with the upcoming CPI news announcement for AUD.
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