The AUD/USD is in weekly shorts in the longer timeframe and our model suggests a move into the 0.8550 area is possible in the coming month(s).
However, the pair may have started a move higher into the next resistance area which starts at the 0.9495 and extends up to the 0.9550 level.
The scenario of correction higher into resistance remains valid as price stays above the 0.9120 which acted as support in the last 3 days.
However, the pair may have started a move higher into the next resistance area which starts at the 0.9495 and extends up to the 0.9550 level.
The scenario of correction higher into resistance remains valid as price stays above the 0.9120 which acted as support in the last 3 days.
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