AUDUSD (AUSSIE) MARKET ANALYSIS

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Hello traders, I hope you're all doing well and okay and keeping warm during this very cold weather. Into the charts, AUDUSD price dropped to a key level of interest, the H4 and daily demand zone at 0.67335 & 0.67095 which is the origin of the previous rally to the high at 0.71250. Price has filled the major daily range from demand to the high at 0.71250 and back to demand. Price dropped into demand, formed rejection wicks on H4, candle close inside demand followed by a bullish engulfing candle that closed above demand showing confluence for a possible reversal. 
Took buy entries during NYSE at 0.67408 with SL at 0.67100. Setup taken is a drop base rally, a reversal setup and my 1st target is at 0.68400.





Price gained strong bullish momentum, rallying 135 pips to 0.68762, taking out my targets and still rallying higher. Closed out partials at my target and left runner positions as price is still bullish with my new targets at the H4 high at 0.69936.








 

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