AUDUSD is showing major rejection at ~ 0.7160 levels following this level being rejected I can conclue that there is a potential buy back up to the top of the channel which would hit the monthly resistance level at ~ 0.8030.
That is the potential target however I am more than happy for 0.7690 to be hit however if we break through that level I will consider moving stop loss to close in on profit.
AUDUSD is Bullish until we get a daily candlestick close below 0.7160 as this would create a lower low and would also breach our demand zone.
That is the potential target however I am more than happy for 0.7690 to be hit however if we break through that level I will consider moving stop loss to close in on profit.
AUDUSD is Bullish until we get a daily candlestick close below 0.7160 as this would create a lower low and would also breach our demand zone.