AUDUSD Update

١٩ مايو ٢٠٢٠

Good afternoon guys, today we will be taking a look at AUDUSD as it progresses through the week. Last night the pair put in a new high, breaking above the daily supply zone on its continuing uptrend that has been going on for the past few weeks. With the pair putting in a new high and now retracing I am able to draw my fibonacci retracement tool from the recent low to the push of the new high waiting to see how price reacts when it gets in between the 50 and 61.8% level(Smaller Blue Box).
Keep Trading Guys and Remember to always use proper risk management :)