Get started
Investroy

AUD/USD: next target and the reasoning behind it

Long
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
Investroy  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines AUDUSD priceaction Technical Analysis Forex forextrading investroy
13
2
trendanalysis supportandresistance trendline audusd priceaction technicalanalysis forex forextrading investroy
As it can be inferred from the graph, after months of bearish movements, the price is finally reversing to the upside. Deriving from the current situation that can be observed on the DAILY timeframe chart, the price has nicely broken above the Lows illustrated on the graph and re-tested the local zone. From here, we are pretty positive that the price will keep rising and reach the area of resistance identified on the chart

Mentions

RLinda
AUDUSD ! The market is bullish. Rising after a pullback😼
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.