AUDUSD outlook

AUDUSD Daily chart:

AUDUSD is currently in a clear ranging market and has been providing traders to buy the Australian Dollar last week thru the confirmation of higher highs and higher lows. Yet being in a bullish trend, price reached a key level 0.76081 where you can see at past prices how traders reacted at this level (yellow zone). Moreover, a bearish Pin bar reversal candlestick pattern formed and clearly rejected 0.76081 level. We may therefore look to sell at this level or below 0.75654, and we may look to buy trend continuation setups above 0.76386.

(click on the chart to get updated of the trade setup)


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