AUDUSD LONG
AUDUSD STRONG FINISH AT END OF TRADING WEEK BREAKING AND CLOSING BOTH ABOVE PREVIOUS DAILY AND MONTHLY RESISTANCES
FOUND NEW HIGH WITHIN BULLISH CHANNEL
EXPECTING HIGHER LOW AT MARKET OPEN
PRICE RESPECTING BOTH SUPPORTIVE TREND LINE AND CHANNEL ZONE
LOOKING FOR RETEST OF PREVIOUS SUPPORTS LOCATED ON MONTHLY FIRST IF BROKEN THEN DAILY SECONDARY
IN CONFLUENCE WITH LOWER BULLISH TREND LINE FOR A BOUNCE UPWARDS TO FIND NEW HIGHS AT PREVIOUS MONTHLY RESISTANCE @0.65100
NOTE*
IF BULLISH CHANNEL AND SUPPORTIVE TREND LINE BROKEN AND CLOSES UNDER
SECONDARY SCENARIO OUTCOME
EXTENSION TOWARDS PREVIOUS DAILY SUPPORT @0.60000
AND RETEST AT PREVIOUS DAILY RESISTANCE @0.61700
BEFORE DROPPING LOWER TOWARDS 0.55700
FOUND NEW HIGH WITHIN BULLISH CHANNEL
EXPECTING HIGHER LOW AT MARKET OPEN
PRICE RESPECTING BOTH SUPPORTIVE TREND LINE AND CHANNEL ZONE
LOOKING FOR RETEST OF PREVIOUS SUPPORTS LOCATED ON MONTHLY FIRST IF BROKEN THEN DAILY SECONDARY
IN CONFLUENCE WITH LOWER BULLISH TREND LINE FOR A BOUNCE UPWARDS TO FIND NEW HIGHS AT PREVIOUS MONTHLY RESISTANCE @0.65100
NOTE*
IF BULLISH CHANNEL AND SUPPORTIVE TREND LINE BROKEN AND CLOSES UNDER
SECONDARY SCENARIO OUTCOME
EXTENSION TOWARDS PREVIOUS DAILY SUPPORT @0.60000
AND RETEST AT PREVIOUS DAILY RESISTANCE @0.61700
BEFORE DROPPING LOWER TOWARDS 0.55700
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