AudUsd- I expect a strong reversal
February has been marked by two significant breaks for 
AUDUSD: one below the 0.6525 technical support and another below the psychological barrier of 0.65.
With the pair now trading back above both levels, there is a strong likelihood that these breaks were false.
As typically observed with false breaks, a robust reversal in the opposite direction may follow.
Furthermore, if the price surpasses 0.66, we can interpret the 0.6480 zone as a higher low, indicating potential momentum for the pair to test the resistance at 0.69.
I maintain a bullish stance on the Aussie dollar as long as the price remains above the recent low, and I am looking to buy on dips.
AUDUSD: one below the 0.6525 technical support and another below the psychological barrier of 0.65. With the pair now trading back above both levels, there is a strong likelihood that these breaks were false.
As typically observed with false breaks, a robust reversal in the opposite direction may follow.
Furthermore, if the price surpasses 0.66, we can interpret the 0.6480 zone as a higher low, indicating potential momentum for the pair to test the resistance at 0.69.
I maintain a bullish stance on the Aussie dollar as long as the price remains above the recent low, and I am looking to buy on dips.
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💎 Crypto Channel:
t.me/FanCryptocurrency
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