Mante

AUDUSD - Bullish Week Ahead

FX:AUDUSD   Australian Dollar / U.S. Dollar
Currently the price is resting in an important support, which has prove to be a strong support for a while now. Checking the Weekly and Monthly chart you will see that there are very few instants that broke this support area .

Considering the The US dollar is going to remain soft due to the fact that the Federal Reserve as of late has adopted a loose monetary policy , we can expect the price to test support between 0.70000 and 0.68000. So I suggest you hold until you get clear sign that the price has broke the 38.20% support.
Trade closed: target reached
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