AUDUSD ANALYSES
AUDUSD ANALYSES:
1H Chart: With the market opening session, AUDUSD started also with a bullish jump.
On the last week, as you can see, I just drew a blue box where the price has been ranging as a signal of indecision. As you can see, Price respected the support "Fibonacci", showing that level as an important support!
For now, I expect the price to go bullish until 0.65606 (Price Label). After that, price may get a pullback or retest for a few hours, respecting the resistance and making the "RSI" indicator going down back to the 30%-70% levels.
Always Trade What you see! Be cautious.
1H Chart: With the market opening session, AUDUSD started also with a bullish jump.
On the last week, as you can see, I just drew a blue box where the price has been ranging as a signal of indecision. As you can see, Price respected the support "Fibonacci", showing that level as an important support!
For now, I expect the price to go bullish until 0.65606 (Price Label). After that, price may get a pullback or retest for a few hours, respecting the resistance and making the "RSI" indicator going down back to the 30%-70% levels.
Always Trade What you see! Be cautious.
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