AUD/USD on a 15-minute timeframe
The blue highlighted area around the 0.67253-0.67288 level represents a strong support zone.
The price has tested this area multiple times and shown a tendency to bounce back from it.
The current price is around 0.67288-0.67276, which is near the support zone.
The resistance level is marked around 0.67547, indicating a potential target for the bullish move.
The projection indicates a potential bullish move from the support zone up to the resistance level around 0.67547. This suggests an expectation of a price increase after possibly forming a base around the support.
Consider entering a long position around the current price level (0.67288) or slightly lower, closer to the support zone (0.67253).
Ensure proper risk management by setting stop losses and monitoring key levels for any invalidation of the bullish scenario.
The price has tested this area multiple times and shown a tendency to bounce back from it.
The current price is around 0.67288-0.67276, which is near the support zone.
The resistance level is marked around 0.67547, indicating a potential target for the bullish move.
The projection indicates a potential bullish move from the support zone up to the resistance level around 0.67547. This suggests an expectation of a price increase after possibly forming a base around the support.
Consider entering a long position around the current price level (0.67288) or slightly lower, closer to the support zone (0.67253).
Ensure proper risk management by setting stop losses and monitoring key levels for any invalidation of the bullish scenario.
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