Stronger highs add sentiment to AUDUSD
Yesterday’s trading in AUDUSD was trendless, sentiment closing little changed and inside Friday’s range.
However, buyers have returned to the market in Asia this morning, the rally ending a sequence of lower weekly highs, which points the pair higher for today's trading.
Management and risk description
Allow room to buy an intraday dip and raise stop to entry if the first target is met.
Entry: Buy at market and also at .7600, the last five-hour low.
Stop: 0.7580, today's Asian low.
Target: 0.7692, the two-week high and 0.7756, last month's top.
Time horizon: Today only.
— Edited by Adam Courtenay
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