澳元/美元

AUDUSD > The Trend is Shifting Up, Where to Buy!?

811
Analysis of #AUDUSD

Hi traders, today we will have a look at #AUDUSD

the momentum now is to the upside as you can see, we have this impulsive move-up after the market was unable to break its resistance level near 0.6500, which now becomes a support level.

the market now testing its trendline resistance on the daily time frame, of course, after the way the market reached this level, I am not interested in selling the market here, as we might actually continue to the upside.

what I prefer doing is to wait and see if the market pulls back to test its support level and look for a buy entry near support if the market shows a bullish reaction and valid entry with good risk to rewards

I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!

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