Recently,
AUDUSD
broke above the important psychological and technical level of 0.65 and the pair has reached a high at 0.67.
A normal correction followed and the pair dropped and tested the broken level.
Yesterday's close brings us a bullish engulfing candlestick pattern which could indicate the final of correction and the start of a new leg up.
I'm bullish AudUsd as long as 0.65 remains intact on the daily close basis and the pair could reach 0.69 resistance in the medium term.
A normal correction followed and the pair dropped and tested the broken level.
Yesterday's close brings us a bullish engulfing candlestick pattern which could indicate the final of correction and the start of a new leg up.
I'm bullish AudUsd as long as 0.65 remains intact on the daily close basis and the pair could reach 0.69 resistance in the medium term.
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