Hello traders, AUD/USD is trading at 0.7737. The pair is trading in resistance and support in an upward channel and rebounding back form support to touch its . As the price has already touched its and rebounding back to its , it can give a good long opportunity. The entry price will be at 0.7742, stop at 0.7696 and target at 0.7812. If the price breaks the at 0.7812, then it can touch next strong at 0.7888.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.