AUDUSD is now retracing a bit after the thrust of the breakout. As expected, the price reached both the 1st and 2nd target. The price is now sideway at the 21MA of h4 tf and making higher low and higher high. The support level remain at 1.0100 and resistance is at 1.0160. The pair is expected to continue the uptrend and move higher.
AUDUSD show a doji at the daily chart indicating undecided market. The price is trapped inside the 1st target and 2nd target area. Break above the resistance area will brong the price to test the 1.0255 while break below will probably bring the price to test the support at 1.0025.
By The Backyard Burner
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