Adefxc

POTENTIAL TRADE SETUP ON AUDUSD

Long
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Hey Traders,

Check out this technical analysis on AUDUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.

However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.

Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.

Keep a close eye on this.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.