Hi Traders!
AUDUSD is still looking strong off the support bounce from the yearly low as bears look exhausted and new waves of buyers are entering the market, and price has finally broken and closed above the 20 EMA for the first time in eight weeks.
Price Action 📊
The market bounced off the yearly low and is approaching the first resistance area. The market has also broken and closed above the 20 EMA for the first time in eight weeks.
Looking for bullish continued momentum to take us to the first resistance area.
Fundamental Analysis 📰
The market's outlook on the AUD continues to be positive, as hawkish statements were released in their latest monetary policy meeting and a recent improvement in the employment situation in Australia
Support 📉
0.63574: YEARLY LOW
0.64436: 20 EMA
Resistance 📈
0.64974: FIRST RESISTANCE
0.65233: SECOND RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD is still looking strong off the support bounce from the yearly low as bears look exhausted and new waves of buyers are entering the market, and price has finally broken and closed above the 20 EMA for the first time in eight weeks.
Price Action 📊
The market bounced off the yearly low and is approaching the first resistance area. The market has also broken and closed above the 20 EMA for the first time in eight weeks.
Looking for bullish continued momentum to take us to the first resistance area.
Fundamental Analysis 📰
The market's outlook on the AUD continues to be positive, as hawkish statements were released in their latest monetary policy meeting and a recent improvement in the employment situation in Australia
Support 📉
0.63574: YEARLY LOW
0.64436: 20 EMA
Resistance 📈
0.64974: FIRST RESISTANCE
0.65233: SECOND RESISTANCE
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Note
First resistance area reached.
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
Related publications
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.