ColmoreFX
Long

AUDUSD- Continued Upside

FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD bounced perfectly of the 0.7500 level as expected. Price continues to move higher and is approaching the next weekly resistance level . The moving averages have crossed now and expect continued upside as the weekly trend seems to be starting. Ideally we would like to see a pullback into the support zone and 61.8 Fibonacci before looking for long opportunities however we may see price test the weekly resistance first with a shallower retracement.
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