Chart of the Day AUDUSD

AUDUSD is extending the upside reversal

On the AUDUSD daily chart, we can see that the pair is breaking above the 0.7150-0.7200 zone and is extending the upside reversal. This break could lead to a test of 0.7325 the next upside resistance level. Break above 0.7325 key level is needed for high probability long-trade entries and a complete trend reversal.
Note: look for the long trade entries with the stop loss below the 0.7180 level.

AUDUSD trading technical analysis

 

 

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