AUDUSD Technical Analysis

Hello Price Action Traders.

AUD/USD

The AUD/USD extended gains Tuesday and finally broke above the 0.94600 mark. Then the Aussie came back down yesterday and  formed an Inside Candle. I would look to be buyer on a pullback into the support area. Also because there is a confluence of signals around this level: the support plus the bullish trendline. If a bull trap occurs, the pair will fall towards the nearby bearish trendline.

 

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