We can see that AUDUSD pair has formed a bearish doji candle on the weekly charts. However, we can also see that the pair is nearby and almost bouncing from the support provided by a strong weekly and daily uptrend line.
It is possible that the pair could go lower looking for a solid support from the uptrend line. This could coincide around 0.7600 area. A strong bounce from there could be a good buying opportunity. If 0.7600 area does not hold, 0.7500 could provide support.
Trading preference
A daily close above the top of the weekly candle is a buying opportunity. We can also buy if there is a strong bounce from the up trend line around 0.7600 region
Recommended forex brokers
