AUDUSD Potential Long Signal

FX:AUDUSD   Australian Dollar / U.S. Dollar
With AUDUSD             being in a strong bullish uptrend since the start of 2016, as shown in the image below, we are only looking to play this pair to the upside.

We will continue to hold this long bias until we significantly close below .74.

In order for us to get a signal to go long on this pair we will need to see price action break above and close above the red short-term trend line that is acting as resistance on the hourly chart. We will also need to see confluence from our price action forecasting algorithm predicting a move higher with a percentage of 85% or higher.

Currently our algorithm is predicting a continued move to the downside, but then sharply reversing to the upside with a forecast predicting chance of 87%.. we will continue to monitor price action and our algorithm for forecast updates and will notify you if we execute a long position. See the below image for our algorithm's forecast for this pair.

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Comment: Still pending, updated 4/11 @ 2:00 AM EST

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