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Kendrick_Chan

AUDUSD | ascending channel formed

Long
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Kendrick_Chan  
FX:AUDUSD   Australian Dollar / U.S. Dollar
Moving Averages Support and Resistance Parallel Channel priceaction trendfollowing
5
0
movingaverage supportandresistance parallelchannel priceaction trendfollowing
  • followed by the bearish dollar prediction, AUD seems to be one of the high yield currencies to long
  • it holds well by the 20 EMA
  • an ascending channel was formed follwed by the last pullback
  • a 1.8 risk-reward ratio still can be attained for the 1st target
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