AUD/USD Price Analysis: Bulls move in on a critical liquidity zone

AUD/USD bulls move in on the 50% mean reversion zone.
The RBA will be the critical event where volatility is likely to occur.

Ross J Burland FXStreet

As per the start of the week's analysis, AUD/USD Price Analysis: Bulls accumulating, mark-up could be on the cards, traders move din on the bid and took the price higher to test the 0.7080s.

AUD/USD live market

The price has started to stall here and is carving out dynamic support that could come under pressure again in the session ahead as traders get set for the Reserve Bank of Australia (Tuesday/Asia).

In the start of the week's analysis, AUD/USD: It's a big week for the Aussie, a come back could be on the cards, it was stated, from a daily perspective that a correction would be the most typical course for the pair at this juncture prior to further downside:

AUD/USD live market

As illustrated, the price has moved in on the forecasted target zone, but there could be more to come from the bulls in the days to come prior to the next test of the 0.6950s.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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