AUDUSD Trade Idea

In the previous analysis, I expected AU to have an upwards breakout violating the descending triangle formation, which was exactly what the market performed. In today's trading session, I will be looking for buying opportunities. If we get a clear breakout of 0.7820 resistance zone, I will be looking to get involved in long setups after a re-test. 0.8000 resistance zone is the target.

The higher timeframe picture remains bullish.

Trade safe.

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