JoeChampion

AUDUSD Potential Upsides

Long
FX:AUDUSD   Dollaro australiano / Dollaro
Hey Traders, in today's trading session we are monitoring AUDUSD for a buying opportunity around 0.667 zone, AUDUSD is trading in an uptrend and extending pullbacks seems to be approaching the major trend around 0.667 support zone. if the rejection is confirmed i would consider 0.675 as a target as it's considered the channel resistance and the next major supply area AUDUSD will be facing. Fundamentally the environment of USD is weak since inflations tensions have eased and that signals less restrictive upcoming monetary policies.
Trade safe, Joe.

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