AUDUSD Long Australian Dollar vs US Dollar AUDUSD TRADE IDEA
The asset has stopped making new local lows, which could indicate weakening selling pressure. The price is currently testing the 0.6969 resistance level. A Bullish Engulfing candlestick pattern has also formed on the chart, which could signal strengthening buying pressure.
#TradeIdea
If the price holds above 0.6969, the local structure could shift to bullish, after which further upside could be expected; 🎯 Target: 0.7010.
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