ClearEdgeFX

AUDUSD - 4H - WAITING FOR A BREAKOUT TO GO LONG

FX:AUDUSD   Australian Dollar/U.S. Dollar
AUDUSD             looks like it's poised to break to the upside after a recent sequence of higher lows that suggest buyer pressure. Of course we have to be mindful of the Fed meeting this Wednesday that may result in a lot of volatility in the opposite direction testing the blue support zone . Should the buyers win this battle by breaking the 0.7800 barrier we expect the move will be good for at least 120-150 pips.
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