Trade of the Day AUDUSD

AUDUSD is testing the strong upside resistance

 

AUDUSD is testing the strong upside resistance of 0.7320. This resistance is the key to the upside continuation. A break above is required for the extension to 0.7500 and higher. A rejection from here could lead to a swing lower and a test of 0.7230-0.7260 zone from where it bounced.

Note: look for the short trade entries with the stop loss above 0.7340

 

AUDUSD daily price action strategy

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