AUDUSD LONG POSSIBILITIES

2018年10月9日

Fibonacci Retracement level 61.80% is also acting as support but currently, the price is floating around our minor support level 0.70865. I kinda feel like if this week USD loses its strength then AUDUSD could have some possible hope for the uptrend. As we can see GBPUSD is also doing better with long more then EURUSD. This three pairs being highly positively correlated with each other we can sense each other step together so if one does well other will try hard as well to copy. If the support 0.70865 truly acts as support then it will be perfect for our uptrend AUDUSD. The Risk to reward isn't bad either 2:1. Price should have to make a breakout from the falling wedge upper trend line which will also make us confirm if the trend is truly upward.