AUDUSD / H1 / Daily Forex Technical Analysis / 5.24.2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is May 24th, 2019 and we will be taking a look at the Australian Dollar against the U.S. Dollar. Looking at the 1 hour time frame we can see price action holding support at the .68672 region. We were looking for a minor pullback towards the .6886 area to enter into a Long position. Entry for a Long position near the .68864 area, with a Stop Loss near the .68675 zone, to possibly, with a target profit level area of .69265, to possibly ensure a profitable trade with a 2.12 to 1 R/R.