AUDUSD has been in a bullish trend and has also formed a double bottom at the support level priced at 0.6770. Now, from this point onwards, we are looking for another bullish impulse towards the higher side. Our take profits are open and we can hit 200-300 pips as well. 

The ascending trendline may or may not retest at the support level. This retest can results in a rejection as well as the support level will pump it up.

There is no retracement level on this pair.

EMA 50 has just broken down at the support level. This breakout may break back in for the move towards the upper side.

RSI is at 45. It needs to hop above the neutralized levels, to confirm the bullish momentum and move.

AUDUSD buys from 0.6770

Jul 20 2023