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AUDUSD | BREAKOUT & RETEST

Dollar Australia / Dollar AS (OANDA:AUDUSD)  
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OANDA:AUDUSD   Dollar Australia / Dollar AS
Chart Patterns Harmonic Patterns Trend Analysis AUDUSD audusdshort audusdlong audusdforecast audusdsignal
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chartpattern harmonicpatterns trendanalysis audusd audusdshort audusdlong audusdforecast audusdsignal
AUDUSD had been trading in a bearish parallel channel. Recently price has defined its swing low at 0.66800 where a bullish hammer formed (Bullish Candlestick Pattern).

Currently, the price has given a breakout from the falling channel and may come to retest the 23.6% fib level. Bulls must hold the support and move the price in an upward direction from here.

Trade your levels accordingly
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