AUD/USD Possible Bullish Retracement

Happy Wednesday traders,

Seeing as though AU has made a significant 190 pip move to the downside I am beginning to see the
very likely possibility of a pullback to the upside. The level of 0.69250 was broken early in the
NY session yesterday, and this pair has not seen any retest of this prior support now turned resistance. It is very
likely this pair will see the likes of this level very soon.

Be aware that this pair is consolidating in a small range as of time of writing, and I am aware of the
possibility of one more push to the downside to drive stop losses of buyers before the rally up. The level
I can see the upside push coming from is marked on the chart as the 0.68400 level, which is a major intra-day
support level to be aware of.

My take profit target is 0.69000 which I believe can be further extended to the level of 0.69250 with stop
losses set to profit or break even after achieving 0.69000.

This is not financial advice. Trading involves risk to capital.

Happy trading from the TopRatedFX team.