EuroMotif

AUDUSD dips to buy: AU approaching resistance

FX:AUDUSD   Australian Dollar / U.S. Dollar
AU received great news over the weekend, and gapped up.
But now it is approaching what I think is resistance.

It may well break through, in which case I will wait for a retest of the zone.
But hopefully resistance will hold this time, and perhaps the gap will need to get filled.
The green zones are what I will be watching for signs of retrace completion.

Comment: Ping ...
Comment: Double Ping = Double Bottom ? maybe. I would have preferred it NOT come back here, but that second bounce was a couple higher, so might be a good sign.
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Comments

Thanks for the update
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