AUDUSD is running wave 3
Here we have a confirmed breakout above the downtrend line resistance, we can expect more upside for AUDUSD , especially after CPI report, I think the dollar will ease a bit.
I will be looking for a buy entry if the market retrace to my support zone highlighted on my chart, preferably closer to 0.7000, to get in of what could be the start of a new uptrend
Here we have a confirmed breakout above the downtrend line resistance, we can expect more upside for AUDUSD , especially after CPI report, I think the dollar will ease a bit.
I will be looking for a buy entry if the market retrace to my support zone highlighted on my chart, preferably closer to 0.7000, to get in of what could be the start of a new uptrend
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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.