Trade of the Day: 20220530AUDUSD

The trend for AUDUSD at the moment is more to uptrend. So, our priority is to find long entry at the important zone near the support line.

Until there is a clear breakout of the current trend, we will consider the current price movement will continue in uptrend,

If the price touches the support, we will be looking for opportunity to find long position

And

If the price breaks the support line, there possibility the trend will change. So, we will be looking for opportunity to find short position when the price back to retest the support become resistance trend line.