AUDUSD gathering momentum for a breakout

Price has reached a long-term trendline and right now it is consolidating below it in a bullish flag pattern. This means that we might see a bullish run for the Aussie, unless major US news positive for the Dollar make the price melt.

That's a conservative trading setup as it's against my weekly bias for the USD, but we trade what we see so... here you are! Good luck!

Kommentar:

4H outlook of the price movement

Order storniert:

Flag broke to the negative direction. Trade setup invalid.