AUD/USD approaching key support zone
In our recent commentaries on the AUD/USD, we have discussed that we were looking to buy from 0.7500 – 0.7520 if price rotated lower. Since then, our view has worked out and price has bounced from 0.7500, pushing all the way up to 0.7745 resistance area before recently rotating again to the downside. At this point, we can see price is pulling back again and so we are looking to buy near 0.7500 – 0.7550, either by waiting for a price action buy signal or simply by entering ‘blindly’ (without a signal) should price touch 0.7550 – 0.7500.
AUD/USD Daily Chart
Source: Learn To Trade The Market