The currency pair is currently heading to a HTF bullish order block where buyers of AUD could come in but the USD strength could push price aggressively beneath the zone. Any of this price action in the upcoming days of the week would offer a very good trade signal. I am currently biased and have no idea of price direction.
NOTE: The market structure is in favor of the Australian Dollar(bullish trendy market). The bullish order block has a confluence with all moving averages(20-200EMA).
NOTE: The market structure is in favor of the Australian Dollar(bullish trendy market). The bullish order block has a confluence with all moving averages(20-200EMA).
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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.