Get started
Australian Dollar / U.S. Dollar
Updated

AUDUSD outlook (H4 - Monthly)

131
Bullish bias on this pair as price previously broke out of the descending channel after the bullish reaction off monthly support. Price has also broken out of the previous resistance structure (Lower high) of the downtrend showing a shift back into an uptrend. I will be looking next year for price to resume higher again as the higher timeframe also aligns with the lower timeframe trend direction.
Note
snapshot Monthly timeframe, clear break & retest of resistance structure as new support now forming a strong bullish candlestick to finish off this month.
Note
snapshot Daily: Looking left, you can see how this zone has offered multiple trade opportunities with low risk & high reward, this could also be the case again as history tends to repeat itself often in the market.
Profound_Ambition
audAUDUSDForexhigherhighSupply and DemandSupport and ResistanceTrend AnalysisuptrendUSD

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.
audAUDUSDForexhigherhighSupply and DemandSupport and ResistanceTrend AnalysisuptrendUSD
Profound_Ambition

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.