The setup is perfect to go long on AUDUSD. Around 0.75-0.7550 we can aim at the target 0.80 and maybe more with patience. This setup could be closely related to our previous review on EURAUD which is in a rising wedge.
To avoid risk, we can take a tight stop loss around 0.7450.
However, FOMC this week could give a new impulse to USD which could lead the pair lower.
To avoid risk, we can take a tight stop loss around 0.7450.
However, FOMC this week could give a new impulse to USD which could lead the pair lower.
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