Hello dear friends, After a long period of moving sideways, AUDUSD has finally regained upward momentum as the USD weakens and provides support for this currency pair.
The 0.644 peak has been easily surpassed and could potentially become a strong support level, as indicated by the 4-hour chart analysis showing an upward trend supported by the reversal from the EMA 34 line. A retest of the Breakout area could further solidify the strong development of this currency pair.
Wishing you all the best of luck!
The 0.644 peak has been easily surpassed and could potentially become a strong support level, as indicated by the 4-hour chart analysis showing an upward trend supported by the reversal from the EMA 34 line. A retest of the Breakout area could further solidify the strong development of this currency pair.
Wishing you all the best of luck!
Note
The DXY index is a price increase for Audusd
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Related publications
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.