MattWalz

AUDUSD bullish cycle ahead?

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FX:AUDUSD   澳元/美元
4
After a clear breakout of the weekly descending TL, the 8ema signal line (blue) is about to cross to the upside with momentum offering indication of a potential uptrend. Since price has rejected the 0.770 even handle numerous times in the past year, I will be waiting for a break and retest of that zone before confirming a long term bullish bias. If we see a break of that zone price has a clear way to the 0.800 even psychological handle.
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