AUDUSD Forming Range Just Below Key Level | Feb 24th

AUDUSD – Forming Range Just Below Resistance
Looking at the H4 on the AU, the pair is forming a range just below the key level at 9056. The last three daily candles rejected off the daily 20ema and dynamic support. Combine this with the range, and it looks like the Aussie wants to breakout to the upside. Intra-day traders can play the range until it breaks. Once it does, look to get bullish on a breakout pullback setup above 9075/80.

audusd daily market commentary feb 24th

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  • Chuks

    Great analysis. I believe a bullish breakout is imminent too.