AUD/USD: Navigating the Tides of Change
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🔗 Key Technical / Direction: Short
Type: Short-Term Scalp
☑️ Bearish Retest
0.7500 Area
Reasons:
⚡️ - Major Resistance Level
⚡️ - Overbought RSI Signal
⚡️ - EMA Crossover (Bearish)
⚡️ - Fibonacci Retracement Level
⚡️ - High Volume Node (HVN)
⚡️ - Previous Day's High
☑️ Bullish Reversal
0.7400 Area
Reasons:
⚡️ - Major Support Level
⚡️ - Oversold RSI Signal
⚡️ - Bullish Candlestick Pattern
⚡️ - Fibonacci Golden Zone
⚡️ - Low Volume Node (LVN)
⚡️ - Previous Day's Low
🌐 Fundamental Outlook:
Economic Indicators: Keep an eye on Australia's latest employment data and China's economic reports, as these can significantly impact AUD's strength.
Market Sentiment: Monitor global risk appetite, as AUD often reacts to shifts in investor confidence.
🔗 Key Technical / Direction: Short
Type: Short-Term Scalp
☑️ Bearish Retest
0.7500 Area
Reasons:
⚡️ - Major Resistance Level
⚡️ - Overbought RSI Signal
⚡️ - EMA Crossover (Bearish)
⚡️ - Fibonacci Retracement Level
⚡️ - High Volume Node (HVN)
⚡️ - Previous Day's High
☑️ Bullish Reversal
0.7400 Area
Reasons:
⚡️ - Major Support Level
⚡️ - Oversold RSI Signal
⚡️ - Bullish Candlestick Pattern
⚡️ - Fibonacci Golden Zone
⚡️ - Low Volume Node (LVN)
⚡️ - Previous Day's Low
🌐 Fundamental Outlook:
Economic Indicators: Keep an eye on Australia's latest employment data and China's economic reports, as these can significantly impact AUD's strength.
Market Sentiment: Monitor global risk appetite, as AUD often reacts to shifts in investor confidence.
Trade closed manually
Closed at breakevenReason: Revearsal Candle at Lower TF
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