AUD/USD is approaching a possible bullish break, but there's also a possible move back to the down side to stop out traders or more politically correct of me to say ''for a retest''. Interestingly enough there is also a bearish butterfly formation, I would be very patient with this pair and wait to see if there is a retest for a more accurate bullish move. A short-term sell on the break is also good little intra-day trade. Again this is a very interesting play here and definitely in my watch list.
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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.