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AUDUSD Bullish Pennant Breakout

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Dollar Australia / Dollar AS (SAXO:AUDUSD)  
NDOBObanks  
SAXO:AUDUSD   Dollar Australia / Dollar AS
Trend Analysis Chart Patterns audusdforecast audusdlong audusdlongsetup audusdsignal audusdanalysis audusdidea Bullish Pennant breakouttrading breakoutsignal
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trendanalysis chartpattern audusdforecast audusdlong audusdlongsetup audusdsignal audusdanalysis audusdidea bullishpennant breakouttrading breakoutsignal
The pair is already in an uptrend on higher time frames. We are expecting further upside which is signalled by the breakout of the bullish pennant pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on retest of the key level.
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