AUDUSD LONG 5:1
Price has violated all opposite supplies and there is a Fresh Weekly Demand to start a new Trend
Audusudlong
AUDUSD BULLISH MARKET STRUCTUREAUD/USD is trending downwards and recently this Aussie trended into the support zone of 0.73000.
The Australian Wage Price Index q/q data (Forecast: 0.6%, Previous: 0.4%) will be released .
Currently, AUD/USD is testing the support zone of 0.73000 and the next resistance zone is at 0.75000.
Short-term buying opportunities of AUD/USD will appear if it bounces off the support zone of 0.73300 for confirmation.
In a Dailly chart there is a break of structure to the upside and formed a new high hence there , which is a high probability for upside movement.
The way in which the consolidation on the bottom line of the channel will take place will determine the future trend.
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AUDUSD PriceAction Analysis | Protradersnetwork.comAUDUSD is in an uptrend, recently break above the resistance zone and now moving upward direction, i am waiting for a retest of 0.7756 level, if we got a pullback here at the zone i will be buying.
