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Aussiedollar

AUDUSDThere is a bullish trend on the WEEKLY timeframe for the AUDUSD pair. On the DAILY timeframe there has been a couple of different support and resistance ZONES. On the H4 timeframe we can see the 1 and 2 ZONE. Currently, the price has extended to no man's land. The final candle shows that there may be some bearish pressure as indicated by the bottom wick. In the next week we could see a move to the resistance of ZONE 2 and possibly a move towards the support of the same ZONE.
Short
by Godfather-Pips
1
AUD/USD – Week 7 – New top expected.It was a relatively quiet week for the Aussie Dollar with the price crawling correctively towards the liquidity pool area, as we forecasted in our previous analysis. In the coming week, our technical perspective for AUDUSD points out for a price increase that could potentially push the pair beyond the 0.78 cents level. We expect this consolidation to continue in the short-term in order to gather more bullish momentum. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship