Trend line and seasonality give a good chance to long AUDUSD at price around 0.76 ~ 0.763
Trend line from Dec 2016 and Dec 2017 is holding as a strong support throughout the whole year, and I am expecting to see the same in this week or coming week.
There are two seasonality playing here:
1. April usually is a weak month for USD
2. May usually is a strong month for AUD
AUD/JPY has broken the first widget trend, and broke the strong support price 81.55 from 2016 and 2017. This can be a good sell opportunity for a long term trading (50 days). Profit target 1 at 78.8 and final target is 76.3.
