au-1024x405AUD/USD price rebounded from the recent low level and started to dynamically increase (H4). On the daily TF double bottom formation may potentially form. It seems, that the nearest increases are really likely and price is approaching the key support zone. So we may use this corrective pullback to follow the current momentum.

AU_screen 13.02

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.