AUDUSD: Weekly Forecast 23rd- 27th Dec 2019

After AUDUSD broke above a 12 month falling trendline, it has found support at demand zone from a previously broken trendline. 

Expecting price to continue rising till key resistance level, which is also a 61.8% fib level. Depending on how price reacts at that level, a good level to buy AUDUSD would be at previous support levels. Should AUDUSD break the resistance highlighted in red, a good entry would be on the retested resistance turned support

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