Ready to bounce after recent retrace

Long

Australian Dollar / U.S. Dollar (FX:AUDUSD)

FX:AUDUSD Australian Dollar / U.S. Dollar

mtfa trendanalysis supportandresistance multitimeframeanalysis multi-timeframe mtfanalysis

AUDUSD has retraced back to significant weekly highs created over the last few weeks and is showing the first signs it is ready to continue pushing upward. This is easily seen in the chart that is currently showing 4 Hour candles cleanly displayed inside Weekly candles.

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Happy Trading!

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