Elemont

AUDUSD POTENTIAL BREAKOUT + FORECAST

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD is trying to break above its local downtrend. If price continues it should retest near the high around 0.77-0.78. If price fails to break through we expect it to head back down towards the uptrend line.

Two nice trade setups here. Follow the trendlines.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.