By looking at the daily candle AUDUSD still under selling pressure. Even though the trend is bull, fresh buying needed to move pair above 7700 which may happen around 7400.
Looking for a short trade if price retrace to 7570s. with a TP of 7417.
Alternately, I will be looking for a long around 7415 to 7350 which is confluence area of 50% and 61.8% fib and trendline support. Long if the price reaches to 7400 to 7350 next week.
Looking for a short trade if price retrace to 7570s. with a TP of 7417.
Alternately, I will be looking for a long around 7415 to 7350 which is confluence area of 50% and 61.8% fib and trendline support. Long if the price reaches to 7400 to 7350 next week.