After strong decreases from June 24th AUDUSD was placed between support at 0.7310 and resistance at 0.7500. Since Tuesday June 28th bulls were dominating, today price managed to break key resistance. Sentiment is bullish, another resistance is more than 100 pips higher in 0.7615 area.

The best solution will be to wait for bearish correction to broken resistance and confirmation that it will work as support. Then we can look for signals to open long position.



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