AUDUSD Strong resistance

The area of resistance at 0.75200 is proving very strong. Unless there is more bull momentum, we will most likely see a pull back to the 76.80 or 61.80% Fibonacci levels before the price climbs above the 2021 October high.

Yorum:

200 SMA and 50 SMA looking to cross over which could rally the bulls

(on daily timeframe)

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Price broke out of the October high. I'm looking to buy a retest and rejection

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Small profit from scalping the new high, now looking to sell to 78.60% Fibonacci.

İşlem aktif:

TP: 0.74293
SL: 0.75262

İşlem aktif:

Seen some strong profit so I'm halving my position size

Yorum:

Retracement to the 78.60%. I think the pair will trade sideways for a while.