IvanLabrie

Potential AUDUSD long

Long
IvanLabrie Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
I'm looking at a potential long position in this pair, based on the presence of strong support around the current price levels.
A drop below 0.77 would make me doubt this forecast, but for now I think there is a strong possibility of mimmicking a previous reaction off support, after a climactic decline like the one we have recently witnessed.
Short term bias is bearish, but the bullish case is a compelling one in my view.
Trade closed: stop reached

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