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  • 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

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