audusd long

Support base building on the lows from Thursday & Friday last week at 0.7893 / 7900 handle.
First entry idea: Long off of 0.7893 with good reward to risk.
Second entry idea: Long on a brake above 0.7935.
Target areas to the upside 0.7967 High from Thursday 15 and 0.7990 high from Friday 16. Above that is the 0.8000 handle.

Currently long bias, however if 0.7893 were to brake, would look to re asses

Commentaire:

RBA minutes meeting at 12:30amGMT which could be a catalyst for a move higher or lower. Something to watch a bullish reaction in price could lead price through 0.7935 mark and a bearish reaction would lead price back to 0.7893, or even below.
As my bias is bullish I would look to long on a bullish reaction to the news above the 0.7935 area as mentioned