AUDUSD dip buys in play
Login

AUDUSD dip buys in play

Estimated Reading Time: 1 minute
Article Rating:
Based on 1 vote
Login to rate this article.

Orlando Gutierrez

Updated:
Key Support: 0.7796
Key Resistance: 0.7850 – 0.7900

Mid Term View
The AUD has rallied 14.6% against the USD from the lows printed in October 2020, then it pulled back 4.80% from the highs in February 2021 to retest the 0.7650 level.

The long term view here is bullish.

1H Chart Analysis
Yesterday the AUDUSD broke with a heavy resistance level and last week´s highs continuing its bullish move above the 0.7800 level.
We went long yesterday and our targets got hit at that exact level of resistance.

Now that price has broken with that level we are looking for a new long trade at the retest of the previous level. We need price to break with the immediate bearish/pullback structure by trading above the previous highs (0.7823)

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News