I know I know , we are currently on a clear uptrend, but I am pretty confident about that resistance level just above 0.7
I predict a short term move on the upside of my chart , reaching again that resistance, from that level I will be looking at the PA to find a good entry point for a short move
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Currently, AUDUSD is ranging, and in a short term downtrend. If that downtrend is broken then for a risky trade take a long targeting the top of the range.
Otherwise, I would wait for a breakout. Retail sentiment has been short for a while now, so if there is a break down out of the range I expect a long term short move.
With news of USD being at a 2 week low earlier today, this would lead to AUD strengthening against the dollar, We see a structure of higher highs ans higher lows, with each higher high acting as support for the new higher low, following this behavior we now are hopefully seeing that happen again and therefore a continuation in upward trend, 8 EMA coming close to...