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drilonn001

Week of 05/03-09/03 AUDUSD at a critical point of strong support

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
drilonn001  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Chart Patterns AUDUSD audusdlong audusdsignal audusdforecast
5
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trendanalysis chartpattern audusd audusdlong audusdsignal audusdforecast
AUDUSD was trading at the end of last week at a very important market structure. This area at 0.7750 was very important support/resistance in the past so we may expect a strong move up after the price has already tested this level. For this week we anticipate a high probability bullish move at least to the Monthly Resistance 1 line at 0.7965.
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