AUD/USD continues its unstoppable rise
Hello everyone! Today AUD/USD is holding gains above 0.6400.
Looking at the technical picture of AUD/USD on the 1-hour chart, we can see that the pair is in an expected short-term uptrend. That means we have to stick to the script and aim higher. If that happens a break of resistance would open the door for further upside, targeting 0.6470. Can invite many buyers to join the market.
Conversely, if the pair falls below 0.6420 then a test of 0.6400 is likely and the next level to watch is support at 0.6390. A break below this support could expose the monthly low.
Looking at the technical picture of AUD/USD on the 1-hour chart, we can see that the pair is in an expected short-term uptrend. That means we have to stick to the script and aim higher. If that happens a break of resistance would open the door for further upside, targeting 0.6470. Can invite many buyers to join the market.
Conversely, if the pair falls below 0.6420 then a test of 0.6400 is likely and the next level to watch is support at 0.6390. A break below this support could expose the monthly low.
Note
Audusd continues to shine today when maintaining a significant increase and is currently trading at 0.645.
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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.
Related publications
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.