NBent
Long

Look to Rejoin Bulls on Corrective Pullback to Major Support

FX:AUDUSD   Australian Dollar/U.S. Dollar
Very easy setup. AUDUSD             is currently in a medium term uptrend. Dating back to early March, the 0.7400 - 0.7420 handle initially acted as resistance. Price then broke through and found support at this same level (blue boxes). Since then, price has created 3 new highs off of this support level (orange boxes).

Look for another bounce off of the 0.7400 - 0.7420 level in anticipation for further continuation of the bull trend.

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Nazar.
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