Here's a bullish analysis on AUD/USD (generic and adaptable to most timeframes; if you want it based on a specific chart or timeframe, let me know):
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📈 AUD/USD Bullish Analysis
1. Support Zone Holding Strong:
AUD/USD has established a firm support level around where price has bounced multiple times.
Recent price action shows a double bottom or rounded base formation, indicating demand buildup.
2. Bullish Trendline Formation:
A new higher low structure is forming, suggesting a shift in momentum.
Price is respecting a short-term ascending trendline, signaling continued buying interest.
3. Breakout Confirmation:
A bullish breakout above the 0.6650 resistance opens room for an upward move.
Next target levels: 0.6700 and 0.6780.
4. RSI & Momentum Indicators:
RSI trending above 50, showing strength.
Bullish divergence on momentum indicators confirms possible upside continuation.
5. Fundamentals (Optional Context):
AUD supported by improving risk sentiment and commodity strength (especially iron ore and gold).
USD weakening slightly due to lower rate hike expectations from the Fed.
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🎯 Bullish Targets:
Entry zone: 0.6620–0.6640
Target 1: 0.6700
Target 2: 0.6780
Stop-loss: Below support
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📈 AUD/USD Bullish Analysis
1. Support Zone Holding Strong:
AUD/USD has established a firm support level around where price has bounced multiple times.
Recent price action shows a double bottom or rounded base formation, indicating demand buildup.
2. Bullish Trendline Formation:
A new higher low structure is forming, suggesting a shift in momentum.
Price is respecting a short-term ascending trendline, signaling continued buying interest.
3. Breakout Confirmation:
A bullish breakout above the 0.6650 resistance opens room for an upward move.
Next target levels: 0.6700 and 0.6780.
4. RSI & Momentum Indicators:
RSI trending above 50, showing strength.
Bullish divergence on momentum indicators confirms possible upside continuation.
5. Fundamentals (Optional Context):
AUD supported by improving risk sentiment and commodity strength (especially iron ore and gold).
USD weakening slightly due to lower rate hike expectations from the Fed.
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🎯 Bullish Targets:
Entry zone: 0.6620–0.6640
Target 1: 0.6700
Target 2: 0.6780
Stop-loss: Below support
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t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
🔥 What You’ll Get:
✅ Daily Forex signals with high accuracy
✅ Technical & fundamental analysis
✅ Risk management tips to protect your capital
📩 Join now and start winning
t.me/ForexExpert377
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.