TraderNeoh

AUDUSD Trade Idea

FX:AUDUSD   澳元/美元
AU is currently in a range bound condition after an extended uptrend move. As per yesterday's forecast, a pullback towards 0.7580 was expected. Will be remaining neutral bias today and wait for a clear reaction at 0.7620. If price again rejects 0.7620 yesterday's high, a potential double top setup could be taken back to with 0.7560 & 0.7520 as targets. However, If the resistance is violated, we could look for breakout setup above 0.7638 resistance. Avoid any breakout setups within the range as the market condition is slightly choppy.

Trade safe.

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