FX.co ★ AUDUSD reaches target given back in July 14th

Back in July 14th when price was at 0.6940 we turned bullish AUDUSD as price was close to key support and a break out of the trading range would bring price to 0.71. Today we have reached that target area.

Our analysis has provided a clear bullish setup and today target has been reached. Trend remains bullish in AUDUSD as long as price is above 0.6965. Price is making higher highs and higher lows. The RSI is at overbought levels but no sign of bearish divergence. Pull backs are opportunities to buy. I do not expect to see a major top over the coming days. I expect to see pull backs and higher highs.