AUD/USD Uptrend Continuation Towards M H4 – W H5

2 min read
tarantula fx

tarantula fx

Head of Trading

AUD/USD Technical Analysis

  • AUD/USD Continues Up
  • Point 4 is the first target
  • Full recovery towards 0.8000 above 0.7500

4H Chart AUD/USD

  1. Swing high
  2. Swing low
  3. Breakout point
  4. Target

The AUD/USD is in trending mode. We can see a clear sign of continuation to the upside above the blue level. 0.7315 is the breakout point and the first intraday target 0.7375 should be hit today. We should see 0.7418 as the first swing target. If the market breaks above then the way towards 0.8000 is open as the final target for the AUD/USD recovery.

Good trading,
Nenad Kerkez

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