Preferred direction: BUY Comment: Medium-term long positions for the AUDUSD currency pair are active, according to our previous trading idea for this instrument. In addition, short-term prospects also encourage active purchases, and with the opening of the European session, one can take a closer look at longs, especially those who did not manage to enter earlier, as we wrote about in the previous trading idea for this instrument.
The most likely scenario №1 assumes maximum growth from current prices. One can also consider entering through a pending order, placing it just above yesterday's and today's highs. Scenario №2 is unlikely, but we will also be ready to use it. We do not set the growth target above the level of 0.66458.
Additional comments on this trade will be provided as situation changes. Follow us!
The resistance zone looks solid as the price has been respecting it multiple times in the past. I suspect the price might be above the Ichimoku cloud, which is a good sign of bullish momentum coming into the market. Let's see how this works out.
Viktor_strifor_analyst
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@FXCM, I don't use Ichimoka clouds))) Thanks for you comment :) Of course we will see) after fixing the target, most likely we should expect a fall. I'm waiting for a signal)