AUD/USD Rebounds from Yearly Low, Bullish Setup
The AUD/USD pair has experienced a significant rebound after hitting its yearly low around the 0.63500 level. This area, which briefly saw the price dip below support, appeared to be a liquidity grab, followed by a strong reversal in direction. This move indicates a potential shift in market sentiment, with the pair possibly gearing up for a bullish trend.
Given this price action, we are now closely monitoring the AUD/USD for a long setup. The rebound from this critical support level suggests that buyers are stepping in, and we anticipate a continuation of this upward momentum in the near term. The current technical landscape, combined with the broader market context, supports the possibility of a sustained bullish movement, making this an attractive opportunity for a long position.
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Given this price action, we are now closely monitoring the AUD/USD for a long setup. The rebound from this critical support level suggests that buyers are stepping in, and we anticipate a continuation of this upward momentum in the near term. The current technical landscape, combined with the broader market context, supports the possibility of a sustained bullish movement, making this an attractive opportunity for a long position.
✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
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