This is a 1-hour candlestick chart for AUD/USD (Australian Dollar vs. U.S. Dollar) published on TradingView. Here are the details and insights:
---
Chart Overview
Current Price: 0.64080
Change: +0.00087 (+0.14%)
---
Key Technical Zones
1. Resistance Zone / Upper Target:
Marked as Target Point around 0.64500–0.64800
Price previously reversed from this level.
Potential bullish target if price breaks and sustains above 0.64100.
2. Support Zone / Lower Target:
Two levels of support marked below:
Immediate support around 0.63700
Deeper support zone and lower Target Point around 0.63000–0.63250
---
Possible Scenarios
Bullish Case:
If AUD/USD breaks and holds above the current horizontal resistance (around 0.64100), the pair may head toward the upper target near 0.64800.
Bearish Case:
Failure to break the resistance could lead to a retracement down toward the 0.63700 area, or even further to the 0.63000–0.63250 support zone.
---
This setup suggests a range-bound structure with breakout potential in either direction. Would you like help with setting entry, stop-loss, and take-profit levels for trading this setup?
---
Chart Overview
Current Price: 0.64080
Change: +0.00087 (+0.14%)
---
Key Technical Zones
1. Resistance Zone / Upper Target:
Marked as Target Point around 0.64500–0.64800
Price previously reversed from this level.
Potential bullish target if price breaks and sustains above 0.64100.
2. Support Zone / Lower Target:
Two levels of support marked below:
Immediate support around 0.63700
Deeper support zone and lower Target Point around 0.63000–0.63250
---
Possible Scenarios
Bullish Case:
If AUD/USD breaks and holds above the current horizontal resistance (around 0.64100), the pair may head toward the upper target near 0.64800.
Bearish Case:
Failure to break the resistance could lead to a retracement down toward the 0.63700 area, or even further to the 0.63000–0.63250 support zone.
---
This setup suggests a range-bound structure with breakout potential in either direction. Would you like help with setting entry, stop-loss, and take-profit levels for trading this setup?
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.
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.