Similar to NZD/USD look for the next big bullish up leg to start with channel support, Weekly 50 MA, Daily 100 Ma all lining up.
Trade active
If you aren't in the trade already and due to NFP tomorrow on Friday I would recommend wait till after news. Buy : 0.6430
Stop : 0.6365
profit : 0.6625
Risk / reward of 1:3
Note
NFP was a slight miss but look at the USD weakness. I think DXY is on it's way to 95.50 at least and AUD/USD will break 0.6625. After any consolidation of AUD/USD add again into support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.