AUDUSD

The AUDUSD continues its bullish trend as it breaks past higher highs in this 2020 market sessions. We talk about the pair last week and after 5 market sessions the pair have broken the previous higher high of 2020 and now trading above it major resistance level 0.73271

AUDUSD WEEKLY TIME FRAME.
AUDUSD WEEKLY chart 7 December 2020

On the daily time frame , you will notice price trading above the higher high level of 2020. This signals a strong bullish break as of now. The pair also retraces a bit to find support back at its resistance. There are possibilities that this level could act as our support in the future before moving bullish.

The weekly time frame signals that The AUDUSD continues bullish price action. We see price break its the higher high and price is trading above the major resistance level. Price could move to target level 0.75128 in the next trading sessions. We advice that we wait for the right signal before making an entry still standing good with the bullish break long term trend on this pair. Get all details and analysis with the chart attached and explanation for proper understanding when reading.

AUDUSD DAILY Chart 7 December 2020
AUDUSD DAILY Chart 7 December 2020

NB: Warning Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consider position sizing before entering a trade and manage your risk accordingly. Please read the risk warning before deciding to trade the markets.

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