**Monthly Chart**
Long-term directional Bias on AUDUSD is still moving bearish from 2011. Last monthly candle closed lower, while this month's candle is pushing higher suggesting that the short-term directional bias is bullish at least up to 0.65794 level or 0.7000 level (round number). As the price is pushed from a sensitive demand zone.
**Weekly Chart**
AUDUSD was consolidating and then bounced from 0.63000 demand zone in the last two weeks of October and created new highs. Last week's candle also closed higher suggesting that short-term directional bias on this pair is bullish.
**Daily Chart**
Moving into lower time frames, I would like to see the price retrace lower before taking buying trades in the coming weeks.
Long-term directional Bias on AUDUSD is still moving bearish from 2011. Last monthly candle closed lower, while this month's candle is pushing higher suggesting that the short-term directional bias is bullish at least up to 0.65794 level or 0.7000 level (round number). As the price is pushed from a sensitive demand zone.
**Weekly Chart**
AUDUSD was consolidating and then bounced from 0.63000 demand zone in the last two weeks of October and created new highs. Last week's candle also closed higher suggesting that short-term directional bias on this pair is bullish.
**Daily Chart**
Moving into lower time frames, I would like to see the price retrace lower before taking buying trades in the coming weeks.
Join our PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
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 PropSignals Channels on Telegram
t.me/PropsignalAE
t.me/PropsignalAE
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.