AUDUSD – buyers have open position

AUDUSD – buyers have open position
Trend: Strong Buy
Support/Resistance:

R4: 0.70222

R3: 0.69921

R2: 0.69492

R1: 0.69172

S1: 0.68977

S2: 0.68695

Price action:

Buyers continued price very confident to the price level at 0.69126, where last daily candle closed. Buyers might relaxed for a while and give a chance to sellers to their first support. Overall market price is now at very good buyers position, which is more ment to buy Australian dollar then sell it.

Potencial trade idea:

Bulls targets:

T1: 0.69492

T2: 0.69921

T3: 0.70222

Bears targets:

0.68695

NOTE – We are trading AUDUSD via the preferred trading setups by EliteFxAcademy

Commentaire:

The trade is not valid yet.