AUDUSD Long

AUDUSD has been on the move up from .55 at March low. Considering entering with the uptrend on retracement.

Suitable area

1 Retest of horizontal support

2. Trendline support

3. Near the 100 MAV

4. Atleast .382 retracement


1. Enter - around .7025

2. Target - .7450 ( 618 extension)

3. Stop - .6850 ( below monthly pivot)

4. RR = 2 +