AudUsd has made new highs the past few days. Currently the price action stopped just at the level of the trendline of the previous highs. This should prove to be significant resistence. Considering the price didnt push through it the market suggests it ran out of steam for pushing higher, at leaat for now. In my view this is a good risk reward trade oportunity. The first target I consider as good support would be previous lows level marked with the green rectangle.
Green pips to you all.
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