AudUsd | Continuing the Journey

14 ต.ค. 2019

Weekend: Previous week seller exhaustion yielded a huge bullish push to end the week and engulfed the previous week. Moving to the daily we see quite the double bottom with neckline around 0.69 (my next target) assuming we remain bullish. I'd also like to see price retest the neighborhood of 0.67750. At this point I have no bearish sentiments but as always I will adjust during the week.

Today: Bearish close on the daily with decent seller exhaustion. Price has flirted with 0.67570. Based off current market conditions I like longs and see a bit of h1 demand that could possibly be retested before moving higher targeting 0.68 and 0.69