News

AUD/USD Price Analysis: Bulls making their case for 0.6750

  • AUD/USD bulls are in the market and eye 0.6750. 
  • Bullish structure is forming on the lower time frames.

As per AUD/USD´s prior analysis, AUD/USD Price Analysis: Bulls eye a break into the 0.67s, the bulls are making their way up and there is a focus on a bullish extension while on the front side of the trendline.

AUD/USD prior analysis

H1 chart

´´The bulls stepped in again on the correction in resistance which leaves a bullish bias for the open for an additional test in the 0.67s.´´

AUD/USD update

The bulls have scored a fresh high at the start of the week and the focus is on the potential support structure and trendline support. A break of the highs opens risk to 0.6750.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.