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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