AUDUSD: A bullish breath cannot be ruled out

29 Kas 2021

The AUDUSD pair has just tested the last low of August 20, 2021. The price doesn't seem to want to break down this zone. Given the ongoing downward pressure that has lasted since October 29, a bullish breath cannot be ruled out.
It is for this reason that I am considering a return to 0.72 or even 0.7250 in the coming days. My stop loss will be positioned at 0.7105.
Check out my live trades on my MT4 account.

Enjoy !