AUDUSD is still in the ascending channel.

Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate.

By technical analysis, AUDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy AUDUSD.

Note

Pull up "Stop Loss Line" above entry price, maybe 0.7430 - 0.7450 (protection profit to prevent the market from falling into a loss of money.), and the take profit can be adjusted upward to between 0.7500 - 0.7560.

Trade closed: target reached

Target Reached 0.7600

Note

Next Forecast:

AUDUSD is still in the ascending channel.

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