AUDUSD Is in a bullish channel on the short-term trying to escape from a bearish trend that has been following it for a few weeks. The fibonacci retratement shows how the 50% level matches the POC of the structure, wich is a zone for a possible rebound on the price(We do not dismiss that the price would go for a 61% level "0.64150" On price). But the trend in the 4 hrs chart shows more bullish force than the intention for the sellers to keep the price down.
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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.