TheShortLife
Long

AUDUSD long coming up on major monthly supports

FX:AUDUSD   Australischer Dollar/U.S. Dollar
Have major monthly supports converging together at the same time. Looking at 0.75 for long entry.

1 - You have long term monthly former resistance from 2008-07-01 that will be retested as support. Price broke through this resistance 2017-06 after several months of grinding it out and tapping that resistance.
2 - You have support from the pennant that price broke out from this summer.

Here is a chart with the pennant from #2


Here is a zoom in.


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