AUDUSD: Break 12-Month Falling Trendline; Awaiting Pullback

AUDUSD has broken above a 12-month falling trendline last week and has begun its retracement.

As of current, the price has pulled back to the trendline again but the pullback seems to be unfinished too.There’s also a break of a falling trendline and orders could be trapped at 0.6843 which make this region a demand zone.Therefore, await further pull back and look for buy opportunity within the demand zone 0.6843 to 0.6815.Entry: 0.6843 – 0.6815SL: 0.6800 – 0.6778Target: 0.6870, 0.6922 and 0.7000

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