AUDUSD rising nicely, potential for further rise!

FX:AUDUSD   澳元/美元

AUDUSD continues to rise nicely after breaking out of our major resistance-turned-support level at 0.7844. A further rise could occur pushing price all the way up to 0.7902 resistance ( Fibonacci retracement , horizontal overlap resistance). Our 1st major support would be 0.7844 ( Fibonacci retracement , horizontal overlap support) with our next support at 0.7818.

RSI (34) has made a bullish exit and we can see intermediate ascending support holding price up really nicely.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
, you have fantastic analysis.. thanks!
What is your time frame for your long trade? because I see a potential short for another week or two, until the channel support line is reached for a nice bounce back

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