AUDSUD Weekly outlook

AUDUS looks like it is building strength as it is coming off weekly support, but is still technically in a downtrend.

We will be looking for any bullish signals on pullbacks if we see an emerging uptrend.

Our preferred strategy will be to look for shorting opportunities when it reaches the descending trend line/ resistance level at around 0.755

If AUDUSD breaks above this level we will be looking for longs.