AUDUSD Outlook and Future Long prediction

2019-12-12 05:03:40

After beautifully and strongly breakout free from the flag pattern, we saw price pushing further to the upside until reaching what is looking like a major level of structure which might just stop its bullish momentum for a short. We will be patiently waiting for price to retrace back a little and hopefully coming in contact with the ascending trend line for a third touch then go long hoping to resume the bullish move.