Aussi long scenario

Markets never go straight up or straight down". Jesse Livermore

After more than three weeks consolidation of AUDUSD, now shows the pair upside strength. Nice buy opportunity we see recently and could come a nice long rally in the following days.

 First should be broken 0.9306 key resistance level. And, there is on the chart a reversal head and shoulder pattern. This bullish movement could be supported by the general weakness of American Dollar. Couple of days the realistic target is 0.9550. Our stop loss at 0.9120.

 

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