Hi Traders!
We are approaching a 3 week high around the 0.68076 level on the AUDUSD. We have not been this high since April 14th so we expect some resistance around this level. Over the past week, we have had strong bullish momentum after failing to break the long term support level of 0.65637.
Further to the upside, there is a long term 50% retracement resistance level of 0.68614 but there must be a break and close above 0.68076 to possibly target this.
We will continue to analyse this and carefully monitor how the market behaves now we are near key levels. As soon as we have any updates on this set up we will let you know.
Please do not forget to like, comment and follow.
Thank you for your support.
BluetonaFX
We are approaching a 3 week high around the 0.68076 level on the AUDUSD. We have not been this high since April 14th so we expect some resistance around this level. Over the past week, we have had strong bullish momentum after failing to break the long term support level of 0.65637.
Further to the upside, there is a long term 50% retracement resistance level of 0.68614 but there must be a break and close above 0.68076 to possibly target this.
We will continue to analyse this and carefully monitor how the market behaves now we are near key levels. As soon as we have any updates on this set up we will let you know.
Please do not forget to like, comment and follow.
Thank you for your support.
BluetonaFX