FenzoFx—The AUD/USD pair rebounded from the $0.6363 support level, aided by the 50-period simple moving average, and is currently trading near $0.6413.
Resistance stands at $0.6444. A close above this level may extend the bullish move toward $0.6940 and $0.7200.
Bearish Scenario: A drop below $0.6363 would invalidate the bullish outlook, potentially triggering a decline toward $0.6322.
Resistance stands at $0.6444. A close above this level may extend the bullish move toward $0.6940 and $0.7200.
Bearish Scenario: A drop below $0.6363 would invalidate the bullish outlook, potentially triggering a decline toward $0.6322.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
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.