Saxo Group Videos

Coleman: AUDUSD scope for correction

Ian Coleman has spotted scope for a "small correction" in AUDUSD.

Explaining his trade, Ian says: "There's continued upward pressure from 0.7600 and a potential double bottom formation with a breakout from the intraday channel to the upside."

The pair has been posting Intraday higher highs and lower lows and Ian's bespoke support is at 0.7672 with trend line support from the breakout at 0.7670, so Ian expects dips to be limited.

Buy: 0.7675

Targets: 0.7735 0.7745

Stop: 0.7645

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01:22 minutes
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