AudTechnical AnalysisUSD
Trade of The Day – AUD/USD

Facts:
AUDUSD is trading in an upward trend
The pair is testing the key support area
Recommendation:
Trade: Long position on AUDUSD at market price
Target: 0.6387, 0.6407
Stop: 0.6305

Opinion: Looking at the AUDUSD on H1 interval, we can see that the pair reached a key technical support. The pair bounced off the area marked with the lower limit of 1:1 structure, as well as previous price reactions. According to the Overbalance methodol