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AUDUSD Trade Idea

724
In yesterday's analysis, I discussed about the possible re-test of 0.7701 minor support zone with further continuation towards the upside. On 29th Jan - 5th Feb I've been talking a potential reversal back to the long-term bull trend due to the falling wedge pattern, which was exactly what the market performed. I noticed that yesterday's rally was relatively weak with RSI approaching extreme overbought condition (75). In today's trading session, I will be focusing on pullback towards 0.7703 minor support zone with 18ema/ 50ema as confluences, targeting the 0.78 resistance zone.

Do not forget the overall trend remains bullish on the higher timeframe.

Trade safe.

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AUDUSD Trade Idea
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AUDUSD Trade Idea
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AUDUSD Trade Idea

Feragatname

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