As I said 2 days ago, AudUsd is consolidating in a range and there is a high chance of a break above resistance.
On Monday the pair indeed has broken above this horizontal level and yesterday corrected and confirmed this level as support.
The structure is very constructive and up continuation is probable.
The technical target for the next leg up is 0.7150, with a close eye from bulls at 0.7 psychological level.
I remain bullish as long as support holds
On Monday the pair indeed has broken above this horizontal level and yesterday corrected and confirmed this level as support.
The structure is very constructive and up continuation is probable.
The technical target for the next leg up is 0.7150, with a close eye from bulls at 0.7 psychological level.
I remain bullish as long as support holds
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