AUDUSD Buy Trade

AUDUSD Daily Chart

Looking at this pair on the daily timeframe we can see price is in an uptrend making higher highs and higher lows. Price has broken our daily trendline to the downside but has not broken structure. Price is now at our previous daily support level around .67500 where can look for the uptrend on this pair to continue. Ideally we would like to see the daily close above .67550 to look for buy trades on this pair. AUD CPI release at 7:30ET and FOMC tomorrow. Need to also keep a close eye on the DXY and Gold. A daily close below this level will invalidate this trade setup.

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