AUDUSD - Bullish Continuation Toward 0.63160OANDA:AUDUSD has broken above a key resistance zone, which has now flipped to support, aligning with a potential bullish continuation. The recent retest of this level held successfully, indicating strong buyer interest and reinforcing the bullish outlook.
With momentum favoring the upside, the price could move upward toward the 0.63160 level, which represents a logical target within the current market structure. As long as the price remains above the support level, the bullish bias stays intact.
If you agree with this analysis or have additional insights, feel free to share your thoughts here!
AUDUSD
Australian GDP beats forecast, Aussie edges higherThe Australian dollar has extended its gains on Wednesday. AUD/USD is trading at 0.6271 in the European session, up 0.20% on the day. The Australian dollar jumped 0.75% on Tuesday, driven by the hawkish Reserve Bank of Australia minutes and a solid retail sales report.
Australia's economy expanded by 1.3% y/y in the fourth quarter of 2024, up from 0.8% in Q3 and above the market estimate of 1.2% and the RBA's forecast of 1.1%. This marked the fastest pace of growth since Q4 2023.
Quarterly, GDP grew by 0.6%, following 0.3% in Q3 and higher than the market estimate of 0.5%. This was the fastest pace of growth since Q4 2022. The strong gain was driven by strong increases in household spending and exports.
The positive GDP report follows last week's rate cut, after the central bank held rates for over a year. The cash rate is currently at 4.10%, its lowest level since Oct. 2023. The RBA has remained hawkish, even with the rate cut. The minutes of the meeting stated that members remained concerned that further cuts could jeopardize maintaining inflation in the target range of 2%-3%.
The markets are more dovish and expect the cash rate to fall to 3.6% by the end of the year, which would mean two more cuts of 25 basis points. The central bank's rate path will largely depend on the inflation levels as well as the strength of the labor market, which has been surprisingly robust despite high interest rates and a weak economy.
In China, this week's PMIs are pointing to slightly stronger growth. The Caixin Manufacturing PMI for February improved to 50.8, up from 50.1 in January and above the market estimate of 50.3. The Caixin Services PMI rose to 51.4, up from 51.0 in January and above the market estimate of 50.8.
AUD/USD is testing resistance at 0.6228. Above, there is resistance at 0.6251
0.6200 and 0.6177 are providing support
AUDUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
AUD/USD Technical AnalysisCurrent Market Trend: Bearish 📉
AUD/USD has been in a strong downtrend, experiencing significant selling pressure. After a continuous decline, the pair has now found support around the 0.61900 level, where buyers have stepped in, leading to a short-term rebound.
Possible Scenarios:
📈 Bullish Scenario:
If AUD/USD manages to break and hold above the 0.62200 resistance level, we may see further upside movement toward 0.62300 and potentially 0.62800.
A successful breakout above 0.62800 could signal a trend reversal, leading to further bullish momentum.
📉 Bearish Scenario:
If the pair fails to break above 0.62200, selling pressure may increase, pushing the price lower.
A move below 0.61900 could indicate weakness, with the next downside targets at 0.61700 and 0.60900.
A break below 0.60900 would confirm a deeper bearish trend, opening the door for further downside moves.
Trading Strategy:
Bullish entry: After a confirmed breakout above 0.62200, targeting 0.62800 with a stop-loss below 0.61900.
Bearish entry: If the price rejects 0.62200, looking for short positions with targets at 0.61700 and 0.60900.
Aussie H4 | Overlap resistance at 50% Fibonacci retracementThe Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6304 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.6345 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 0.6243 which is an overlap support.
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Market Overview: Major Currency Pairs - Week 9/2025(February 24,Market Overview: Major Currency Pairs - Week 9/2025(February 24, 2025 - March 3, 2025)
📉 USDCAD
🔗 Link to chart:
📊 Active Price Range: 1.429 - 1.404
📉 Main Trend: Swing SELL D1
⚙️ Setup: Sell H1-D1, waiting for trading signals from Rainbow Sniper
💴 USDJPY
🔗 Link to chart: TradingView
📌 Current Status: USDJPY is in a SELL trend. The SELL signal has been active for multiple weeks, and the downtrend remains strong. If no position has been taken, any new trades should only be short-term scalping due to increased sensitivity to losses from price corrections.
📊 Active Price Range: 151-152 - 142
📉 Main Trend: Swing SELL W
⚙️ Setup: SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper
💵 USDCHF
🔗 Link to chart: TradingView
📊 Active Price Range: 0.8899 - 0.9589
📈 Main Trend: BUY
⚙️ Setup: BUY H1-D1, waiting for trading signals from Rainbow Sniper
💷 GBPUSD
🔗 Link to chart: TradingView
📌 Current Status: GBPUSD was in a corrective upward movement last week on D1 but has not yet confirmed a SELL on D1 based on Rainbow Sniper. This week, GBP is expected to continue its upward move on D1 before looking for a Swing SELL signal.
⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1 and SELL H4-W, waiting for trading signals from Rainbow Sniper
💶 EURUSD
🔗 Link to chart: TradingView
📌 Current Status: Similar to GBP, but the BUY momentum is weaker than GBP. The pair is still in a corrective BUY phase on D1, which was not completed last week and is expected to continue this week before waiting for a Swing SELL signal.
⚙️ Setup: Scalping BUY H1-D1, waiting for Swing SELL H1-D1, waiting for trading signals from Rainbow Sniper
🇦🇺 AUDUSD
🔗 Link to chart: TradingView
⚙️ Setup: Scalping SELL H1-D1, waiting for trading signals from Rainbow Sniper
🇳🇿 NZDUSD
🔗 Link to chart: TradingView
📌 Current Status: NZD and AUD have some remaining BUY momentum, but NZD has enough tolerance to execute the BUY movement before transitioning to a SELL setup.
⚙️ Setup:
🔼 Scalping BUY H1-D1
🔽 Scalping SELL H1-D1 (after completing the BUY phase)
RBA minutes hawkish, Aussie edges higherThe Australian dollar has edged higher on Tuesday. AUD/USD is trading at 0.6243 in the European session, up 0.28% on the day.
The Reserve Bank of Australia's minutes from the February meeting reiterated the central bank's cautious stance. The meeting marked a milestone as the RBA pressed the rate-cut trigger for the first time in four years, after maintaining the cash rate at 4.35% for over a year. The decision was a "hawkish cut" with a message for the markets not to expect a series of rate cuts.
In the minutes, members said the rate cut did not "commit them to further rate cuts", a warning that the easing cycle could be short. The RBA remains concerned about inflation even though it has dropped to 2.4%, in the mid-range of the RBA's target band of 2%-3%. Governor Bullock has said that the RBA is keeping a close eye on the labor market, which has been resilient and not supportive of further rate cuts.
Another headache for the RBA is the threat of US tariffs, in particular the specter of another US-China trade war. Both countries have imposed new tariffs on the other, and a damaging trade war would hurt Australia's export industry, as China is Australia's largest trading partner.
Australia's retail sales posted a turnaround in January, with a gain of 0.3% m/m. This matched the market estimate and followed the 0.1% decline in December. The driver of the gain was food-related spending and most sub-categories showed an increase in spending. The outlook for consumer spending has improved, with the RBA rate cut, the drop in inflation and cuts to income tax.
AUD/USD is testing resistance at 0.6228. Above, there is resistance at 0.6251
0.6200 and 0.6177 are providing support
EURUSD, AUDUSD and GBPUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Aussie H4 | Strong downward momentumThe Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6215 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 0.6240 which is a level that sits above the 61.8% Fibonacci retracement and a pullback resistance.
Take profit is at 0.6175 which is a support level that aligns with the 50.0% Fibonacci extension.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Could the Aussie bounce from here?The price is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.6225
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Stop loss: 0.6177
Why we like it:
There is a pullback support level that line sup with the 71% Fibonacci retracement.
Take profit: 0.6296
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
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AUDUSD Is Bullish! Buy!
Here is our detailed technical review for AUDUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.622.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.632 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Heading into 61.8% Fibonacci resistance?The Aussie (AUD/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support.
Pivot: 0.6313
1st Support: 0.6144
1st Resistance: 0.6401
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Short AUDUSD The Perfect Storm: Stagflation, GeopoliticsIn a world increasingly defined by geopolitical volatility and economic uncertainty, a perfect storm is brewing, casting a long shadow over the Australian dollar. The confluence of persistent stagflationary pressures, escalating trade tensions, and a resurgent U.S. dollar is creating a formidable headwind for the AUDUSD pair. This article delves into the intricate web of factors driving this bearish sentiment, offering a comprehensive analysis for macro traders and financial viewers seeking clarity amidst market turbulence.
The Stagflationary Grip: A Global Economic Quagmire
The global economic landscape is ensnared in a precarious dance between "sticky" inflation and a palpable slowdown. Core Personal Consumption Expenditures (PCE) remains stubbornly elevated, while Producer Price Index (PPI) figures signal continued upward pressure on consumer prices. This persistent inflation, coupled with a weakening housing market, declining consumer confidence, and a sharp contraction in global trade activity (as evidenced by the plummeting Shanghai and China Containerized Freight Indices), paints a stark picture of a "Stagflationary Weakness."
www.census.gov
The Federal Reserve finds itself trapped between a rock and a hard place, grappling with the unenviable task of taming inflation while averting a looming recession. Policy missteps are increasingly probable, further amplifying market anxieties.
Geopolitical Fault Lines and Trade Wars: Fueling the Fire
Adding to the economic woes are escalating geopolitical tensions and trade disputes. The contentious US-Ukraine situation, heightened US-China strategic competition (including technology decoupling and potential military tensions in the South China Sea), and the ever-present threat of cyberattacks are creating an environment of heightened risk aversion.
President Trump's aggressive tariff policies, targeting Canada, Mexico, and China, have ignited fears of retaliatory measures and further disruptions to global trade flows. The market's reaction has been swift and decisive, with the S&P 500 experiencing consecutive weekly declines, reflecting growing investor unease.
The AUDUSD Under Siege: A Technical and Fundamental Breakdown
Against this backdrop, the AUDUSD pair is experiencing a decisive bearish breakdown. The U.S. dollar (DXY), fueled by its safe-haven appeal and the prevailing risk-off sentiment, is exhibiting robust strength, targeting 109.900. This dollar resurgence is exerting significant downward pressure on the risk-sensitive Australian dollar.
Gaining Traction Amidst Global Uncertainty
The AUDUSD has decisively breached the critical 0.64000 level, signaling a clear shift in market sentiment. While rising commodity prices, particularly in energy, have historically provided support for the AUD, the current environment is unique. Geopolitical risks and global economic uncertainties are overshadowing the positive impact of rising commodity prices.
Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), confirm the bearish momentum. The 20-day, 50-day, and 200-day moving averages are all trending downwards, reinforcing the bearish outlook.
Key Support Zone and Outlook:
We have identified a key support zone between 0.61435 and 0.60838. This zone represents a potential area of consolidation or a temporary pause in the downtrend. However, given the strong bearish momentum and the prevailing fundamental factors, we anticipate a continued downward trajectory.
Impact of Strong Dollar and Risk Aversion"
Traders should closely monitor the DXY and global risk sentiment for further confirmation of the bearish trend. Any sustained break of the 0.64000 level would confirm the current outlook.
The AUDUSD pair is currently navigating a perfect storm of stagflationary pressures, geopolitical risks, and a resurgent U.S. dollar. This confluence of factors has created a compelling bearish outlook, with technical indicators and fundamental analysis aligning to support continued downward momentum.
In this environment, vigilance and a deep understanding of the global macroeconomic landscape are paramount. Traders must remain attuned to the evolving geopolitical and economic narratives, adapting their strategies to navigate the turbulent waters of the current market. FX:AUDUSD CAPITALCOM:DXY
Optimistic on AUD for 81-89 centThe Australian dollar has hit a five-year low, but I’m feeling optimistic about OANDA:AUDUSD potentially bottoming out right now. I’d love to see it reach the 81 to 89 cent range within the next couple of years.
This is not a financial advice. This is for entertainment only.
Aussie H4 | Downward momentum accelerating?The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.6243 which is a pullback resistance.
Stop loss is at 0.6285 which is a level that sits above a pullback resistance.
Take profit is at 0.6177 which is a multi-swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
"AUD/USD Bullish Setup: Key Levels to Watch"🔹 Technical Analysis of AUD/USD (4H Chart)
🔹 Market Structure & Trend Analysis
▪️ The price is currently in an uptrend, respecting a rising trendline that has acted as dynamic support.
▪️ Multiple rejections from the trendline indicate strong bullish sentiment.
▪️ The market has broken past key resistance zones, turning them into support.
🔹 Key Support & Resistance Levels
▪️ Support Zones:
▪️ Point of Interest (POI) at 0.62900: A significant demand area where price is expected to react.
▪️ Lower Support at 0.62500: Potential fallback level if the POI fails to hold.
▪️ Resistance Zones:
- 1st Target at 0.64411: Next major resistance where sellers might step in.
- 2nd Target at 0.64972: A higher resistance level for extended bullish targets.
🔹 Price Action & Gaps
- A previous gap in price was filled, confirming strong bullish momentum.
- Retests of previous breakout zones suggest market structure is holding.
🔹 Expected Market Movement
▪️ Bullish Scenario:
- A potential pullback to the trendline & POI is expected before a continuation upward.
- If support holds, price may rally towards 0.64411 (1st Target) and then 0.64972 (2nd Target).
▪️ Bearish Scenario:
- If the price breaks below the trendline, a move towards 0.62500 support may occur.
- Further downside could invalidate the bullish bias.
🔹 Conclusion
▪️ Overall bias remains bullish unless the price breaks below the trendline support.
▪️ Watching the POI zone reaction will be crucial for potential buy opportunities.
▪️ Targets remain at 0.64411 and 0.64972 if bullish momentum continues.
😊 Don't Forget To Hit The Like Button & Share Your Ideas In Comments.
AUDUSD at Key Demand Zone – Potential Rebound?OANDA:AUDUSD has reached a significant demand zone, marked by historical price reactions and strong buying pressure. The recent decline has brought the price into this key support area, increasing the likelihood of a potential bullish reaction.
If buyers step in and confirm support within this zone, we could see a rebound toward the 0.63260 level, aligning with a corrective move after the recent sell-off. However, a break below this demand zone would invalidate the bullish bias and could signal further downside continuation.
Traders should watch for bullish confirmation signals such as rejection wicks, bullish engulfing patterns, or increased buying volume before considering long positions.
Do you agree with this analysis? Let me know your thoughts!