Buying opportunity for AUDUSD

2019-12-19 09:42:13

The triple bottom support serves as confirmation selling is completed and buyers are into this pair now. I think the employment change of 39K vs previous negative 19k was a bullish news for AUDUSD.

From chart, you can also see the price action has broken out of the bearish trend line as well.

Let's wait for the pullback and initiate a buy position. The SL can be slightly below the support line and aim for profit target around 0.69.

All the best and trade safely.