AUDUSD : Aussie/dollar pushes higher as price stays buoyant above support
We had been looking to buy the AUDUSD on a pullback to support near 0.7750. We can see that a huge bullish reversal occurred mid-week last week as audusd buyers came into the market just above 0.7750, pushing the market higher. Our view of audusd looking to be a buyer on weakness remains. Whilst price is trading atop 0.7770 – 0.7750 we will look audusd to buy this market on a pullback to that level or near it. AUDUSD traders can consider a blind entry at that 0.7770 – 0.7750 zone or wait for a price action buy signal to enter long.
We had been looking to buy the AUDUSD on a pullback to support near 0.7750. We can see that a huge bullish reversal occurred mid-week last week as audusd buyers came into the market just above 0.7750, pushing the market higher. Our view of audusd looking to be a buyer on weakness remains. Whilst price is trading atop 0.7770 – 0.7750 we will look audusd to buy this market on a pullback to that level or near it. AUDUSD traders can consider a blind entry at that 0.7770 – 0.7750 zone or wait for a price action buy signal to enter long.