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AUDUSD long opportunity

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Price on Daily TF is moving in long-term uptrend channel .
Evidently it has touched the lower boundary 3 times since 2016.
Price is now under down pressure in falling wedge pattern and we might expect it to stop at 0.7620-30, then swift reversal from the long-term uptrend support.
Suggesting long at 0.7630-50 area with SL on daily close below 0.76 and TP 0.7880.

Comments


AUDUSD is attempting to break out of the wedge. Hit tough resistance. Level to look at is 0.7740.
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