AudUsd- Buy dips on a possible correction
AudUsd has consolidated on its lows for around a month and finally, last week, broke up strongly.
The pair reached 0.65 important resistance on Friday's NFP and now there is a possibility of a retracement.
This drop could represent a good opportunity for bulls and 0.6430-0.6450 is the buy zone.
A new test of 0.65 after the correction could lead to a break and 0.66 resistance could be the target.
In the longer term, 0.68 is not out of the question
The pair reached 0.65 important resistance on Friday's NFP and now there is a possibility of a retracement.
This drop could represent a good opportunity for bulls and 0.6430-0.6450 is the buy zone.
A new test of 0.65 after the correction could lead to a break and 0.66 resistance could be the target.
In the longer term, 0.68 is not out of the question
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