AUD/USD Reversing? Major Buy Signal on H4 Chart
AUD/USD is showing strong bullish momentum after bouncing from a key support zone near 0.61760. The price has broken above the 50-period moving average, indicating a potential trend reversal. A long position has been entered with:
🔹 Entry: 0.63494
🔹 Stop Loss (SL): 0.61760
🔹 Take Profit (TP): 0.66570
If the bullish momentum continues, AUD/USD could target 0.66570 in the coming days. Watch for further confirmations!
💬 What’s your outlook on AUD/USD? Bullish or Bearish? Comment below! 👇
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Disclaimer
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.