Structure: Uptrend Moving Average: Double Tested 50 SMA Support, a deeper retest at 200 SMA than expected Trendline: Uptrend Line Holds Pattern: Head & Shoulder Neckline Support, Uptrend Line potential Morning Star Trigger: A potential failed breakdown at 0.6850 area Support: 0.6850, 0.6760 Resistance: 0.6930, 0.7025
Although today candle haven't printed, AUDUSD is very likely to close with a strong bullish candle today based on Asia market performance. Combined with last two days candles, a morning star will be formed just above uptrend line, meaning the down retracement is going to an end at a critical support area. Entry area: 0.6850 - 0.6870 SL: 0.6820 1st Target: 0.6930 2nd Target: 0.70