Australian Dollar / U.S. Dollar
Long
Updated

AUDUSD at support area

527
The support area of 0.7324 looks stronger than I expected. The level of 0.7537 would be the first resistance and also my target.
Note
It looks like AUDUSD is now trading in a phase of swing correction inside an ascending wedge. That alone indicates a possible reversal to uptrend.
Trade closed manually
SL moved to entry

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.