AUD/USD chart analysis for the week. (my thoughts)
Well, was patiently waiting for the market to break out of the wedge on the 4 hour chart and finally did at 0.76202, now we have a retest of major support at 0.76450 which indicates a strong buy signal. According to my plan, there are some confirmatory signals as well to back up this analysis such as, the market being above the 200 day period moving average on the daily chart indicating a long term uptrend, and also the retest that happened on the 4 hour chart that i have just talked about. have already entered this trade. Please let me know about your thoughts on this pair