The price broke the strong resistance level on
AUDUSD
1H chart. It became the support level and the key zone for buy signals. The price is doing correction after the strong impulsive leg. It is getting close to the major support zone at 0.7967, where the new impulsive bullish move is expected. It is the zone, where counter-trend traders will lock their profits and trend traders step into the trade. This is a good opportunity to go long.
AUDUSD
1H chart. It became the support level and the key zone for buy signals. The price is doing correction after the strong impulsive leg. It is getting close to the major support zone at 0.7967, where the new impulsive bullish move is expected. It is the zone, where counter-trend traders will lock their profits and trend traders step into the trade. This is a good opportunity to go long.