The AUD/USD 2-hour chart shows a strong buy opportunity as price reacts to a key support zone. Multiple rejections with long lower wicks signal strong buyer interest, suggesting a potential bullish reversal. The setup offers a great risk-to-reward ratio, with a tight stop below support and a wide target above. If price breaks above the 50 EMA, it would further confirm bullish momentum.
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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.