AUDUSD is bouncing off the support retest

AUDUSD retesting the broken bull flag

 

AUDUSD is bouncing off the previously broken upside resistance of 0.7380. This bounce should be confirmed in the coming days with a significant break above 0.7450. If the price action reverses again below the 0.7320 level, it will be a clear signal that this is a false break, and the downside in the channel and lower would be wide open.

Note: look for the long trade entries with the stop loss below 0.7320. If stopped out reverse to a short trade

 

AUDUSD price action retest

 

 

 

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