MassCapital

AUDUSD - A Good Buy Opportunity

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
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Weekly - Key support is holding, the market has had trouble closing below this level for a few weeks.

Daily - A bullish engulfing candle at support shortly follow by a pinbar suggesting the market is rejecting lower levels.

H4 entry, Bullish engulfing off a 61.8 fib retracement is suggesting higher highs will be met.

Targets - These are at weekly resistance which is also in line with the 161.8 extension.
Trade closed: target reached

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