• Vasily Trader

AUDUSD: Still Bullish?! Time to Buy Again

Hey traders,

AUDUSD is trading in a strong bullish trend since the beginning of October.

The higher lows are perfectly respecting a rising trend line .

Reaching 0.755 local high the price retraced to a peculiar confluence zone:

we see a perfect match between an intraday horizontal structure,

382 and 618 retracements of the last two bullish impulses

and the above-mentioned trend line .

It looks like the pair will bounce soon.

Initial goal - 0.753