AUDUSD pullback and bullish continuation … 08 July 2024

As I posted on 15 June, this pair gave us the opportunity to trade within a range. It has now broken out to the upside giving a probable bullish move. I don’t chase price so I am looking for a pullback to the top of the previous range to go long (if that happens). If there is no pullback and price just continues on its current path – so be it. I am already long EURUSD and will probably find a nice JPY cross to trade.

This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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