AUDUSD Long Idea

Price is currently breaking through resistance in-line with the Y-Q-M bullish continuity. The initial target is at the Monthly R1 @ 0.795 followed by the Weekly R3 @ 0.800. Stops can be considered below the Weekly Pivot @ 0.772

High Risk / Big Reward Swing

For those traders who are willing to look at a high risk / big reward setup, the USDZAR is once again approaching major support, and looking left to the end of February we can see that a reversal here could make for an excellent swing opportunity. My suggestion would be to use a limit order @ 14.777 with a stop @ 14.459 to catch a reversal once it happens. I do not recommend pre-empting the reversal. The initial target would be around 15.39 with more upside expected as the trend progresses.