EverythingForex

Where is AUDUSD going? Is it TOO obvious? LONG now!

לונג
FX:AUDUSD   דולר אוסטרלי/דולר אמריקאי
2
AUDUSD broke through a month long resistance level around 0.78470 and took off up to around the B point where it met resistance and retraced back down to the former resistance turned support at 0.78470. It hit this level and promptly shot back up to where it sits now around the B point minor resistance level.

I'm LONG from the 0.78470 resistance turned support level.

I am expecting this pair to quickly shoot up to the next MAJOR resistance level around .80300-.80360 which also happens to be the .618 retrace of the major trend AND would complete a harmonic AB=CD pattern as well as a nice BAT.

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