Hello traders, AUD/USD is trading at 0.7737. The pair is trading in resistance and support wedges in an upward channel and rebounding back form support to touch its resistance level. As the price has already touched its support level and rebounding back to its resistance level, it can give a good long opportunity. The entry price will be at 0.7742, stop at 0.7696...
AUDUSD is moving in a downward channel for awhile.
ENTER SHORT POSITION with following preferences:
SHORT @ 7281.
SL @ 7361. -72 pips
TP @ 7051. +230 pips
