AUDUSD is on the brink of breaking out from the resistance level. Once this level is broken out, we will take the long position on the retest of the resistance turn support. The price action once confirmed, will take the bullish move. 

The descending trendline has broken out for buys and the price action has validated the bullish move.

There is no retracement on this as the mark up was really sharp.

The EMA 50 is bullish right now and I do not see the retest at the support level of the EMA 50. The bullish move on it will create a mark up.

RSI is at 63. It needs to be neutralized at the 50 level in order to align with the technical factors.

Breakout from 0.6445 for bullish continuation

Nov 03 2023