Mihai_Iacob

AudUsd to rise back above 0.7

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
After the recent low under 0.67 and the touch of the important support from this zone, AudUsd has started to rise and is trading now above 0.68.
The drop from the past 4 weeks is contained in a falling wedge which now is broken to the upside.
The pair could continue its up correction and get back above 0.7
I'm bullish as long as the recent low is intact

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