For AUD/USD here (0.6487) I’d peg the odds roughly at:
Rally above 0.6943 first ~60%
Drop below 0.6031 first ~40%
Why a tilt to the upside?
Higher-low structure: Since last year’s low near 0.594, price has formed progressively higher retracements (0.620 → 0.635 → 0.648).
Momentum: Daily candles have been predominantly bullish with shallow pullbacks, and there’s room before any clear overbought signals.
Mid‐range flip: The 0.6031 zone has held as support and the current range midpoint (~0.649) has been reclaimed on a sustained basis—suggesting buyers are in control through the mid‐band.
Rally above 0.6943 first ~60%
Drop below 0.6031 first ~40%
Why a tilt to the upside?
Higher-low structure: Since last year’s low near 0.594, price has formed progressively higher retracements (0.620 → 0.635 → 0.648).
Momentum: Daily candles have been predominantly bullish with shallow pullbacks, and there’s room before any clear overbought signals.
Mid‐range flip: The 0.6031 zone has held as support and the current range midpoint (~0.649) has been reclaimed on a sustained basis—suggesting buyers are in control through the mid‐band.
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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.