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

Check out our latest video on Accelerating Your Learning Curve with Forex Tester 2

Want More? My private members get all my trade ideas & market commentary up to 3x per week. Click here to become a member.

Verified Profitable Trader

Hi, I'm Chris Capre, Founder of 2ndSkiesForex. I've turned $3,000 into $83,000 in my first 6 months of trading. I'm a verified profitable trader and trading mentor. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18yrs of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.

Related Article