AUD/USD - Old support - new resistance

4 thg 1, 2017

AUDUSD

The rate is currently pulling back higher to test the former support new resistance zone at 0.7280-0.7300 which is also a falling breakaway gap resistance from December.

I am looking for a short entry, preferably somewhere around the falling trendline resistance (black) from November.

Take a look at my video about weekly set-ups here