On the AUDUSDÂ daily chart we can see that it is testing strong 0.7700 level resistance . If we get a break and confirmation with follow through then the pair could target 0.7900-0.8000 zone to the upside. Only a fall below 0.7470 will invalidate this short term uptrend.
Happy trading! (click on the chart to enlarge it)
Through time we have developed a very respectable trading strategy which defines Entry, Stop Loss and Take Profit levels with high accuracy and allows you to make position Risk Free. If you want to learn all about it and become a professional Trader, sign up now and become a member hereÂ
How our trade alerts work