AUDUSD Long- Impulse & Retest

AU has been ranging since July 5th between a level of support and a weekly resistance. Finally, there was an impulse above the weekly resistance and currently seeing a retest of that previous resistance.

I would wait for a confirmation to buy or sell. I believe it may pull back a little further before buying to possibly a previous wick which was at 0.70620 or even further! As always manage your trades and TRAIL STOP LOSS to maximize profits!

AUD NEWS IS COMING OUT AT 9:30PM EST so be aware. The news should be on our side though for the long!

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Trade closed manually:

Late on the update but price has closed below my exit indicator so I've been out of the long trade till further notice. Currently forming lower highs.

Trade closed: target reached:

As you see after price pulled back as predicted and broke out of consolidation by forming structure. The long was successful. Sorry for the late update!