AUD/USD TA 1/7/2019 Target 1: .7050 Target 2: .7400

Okay traders here we have AUD/USD, potentially looking like two great trade set ups. I feel we will be rejecting off the .7150 resistance and we are going to come down and test .7050 as support. Although it's important to note this pair is looking very bullish in my opinion so shorts will come with some risk. If you'd rather be patient then you can wait for it to come down to .7050 and then go long. I feel .7400 is the next upside target. That being said this is looking like an amazing short that you could then reverse and ride back up to .7400

Let me know what you think!