AUDUSD - Bullish strength and potential buy signal forming
AUDUSD performed a false break from the .7600 level on Friday. While this was a good bullish trend and perhaps a sign that price will continue it's rise, it simply wasn't strong enough for me to take a position. If price drops back below near term support and forms a double bottom with a sharp recovery then I will re-evaluate and most likely take a long position if there is a nice price action candlestick pattern that has formed.