AUDUSD LONG

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AUDUSD LONGAUD / USDIBKR:AUDUSDhalbergresearchAUDUSD: Long Setup Building. Not Ready Yet. Price has been climbing a clean ascending channel since June, and we want to trade with it, not against it. The plan: we are watching for a retracement into the 0.69389 - 0.69237 region. A reaction from that zone, inside the channel, is what we need before committing. No confirmation, no trade. The targets: profits split into two parts. First target 0.69996, second target 0.70818, a move worth over 1.1% from the entry zone. The macro supports the long. The RBA has delivered three hikes this year and its latest minutes stayed firmly hawkish on inflation, while soft US jobs data has markets dialling back Fed tightening bets. The rate differential leans in the Aussie's favour. ⚠️ This trade is NOT ready for entry yet. We are still awaiting confirmations. Members will be alerted the moment that changes, with exact entry, stop loss and take profit.