AUDUSD Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is very bullish and is currently resting near 0.70000, a major zone.
One likely scenario is that bullish momentum continues. Look for a break of 0.70000 with a higher low above.
Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.69500 support with a lower high below. Look to target lower toward 0.68500.
Weekly Trend: Bearish
Daily Trend: Bullish
4Hour Trend: Bullish
Trade scenario 1: Price action is very bullish and is currently resting near 0.70000, a major zone.
One likely scenario is that bullish momentum continues. Look for a break of 0.70000 with a higher low above.
Trade scenario 2: For us to consider AU bearish we first need to see a break of 0.69500 support with a lower high below. Look to target lower toward 0.68500.
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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.
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.