AUDUSD is in a strong bullish market with the formation of higher highs and higher lows. The support we are looking to go long is at the price of 0.6720. We are looking for another leg up towards the resistance level. 

The ascending trendline is going to retest at the support level to confluence with the support level.

The retracement level of 61.8% is in confluence with the support level. 

EMA 50 is still bullish and the retest of the EMA 50 will be confluence with the support level.

RSI is at 68. It needs to neutralize at the 50 level in order to align with the technical factors. 

AUDUSD from 0.6720

Dec 20 2023

Take Profit +1.73%

Holding time 6d4hr

0.67142

Entry price

0.68305

Take profit price