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Buying AUDUSD

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FX:AUDUSD   澳元/美元
From a technical and trading perspective, the AUDUSD is testing pivotal support below the .6800 level (which represents a 61.8% retracement of the October advance), bids continue to emerge at this level and as such encourage the view that the October advance was impulsive and the early-mid November pull back is corrective preceding another leg of upside which should see offers and stops above .7000. I also note a similar pattern developing in the Copper chart this confluence supports the near term AUDUSD bullish bias. I will venture long through .6835 with a stop below today’s low targeting the .7000 level

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