FX.co ★ CHEATER | AUD/USD

AUDUSD Market Analysis

The continuation of the bullish trend in the AudUsd market seems to be being sought again by buyers. This can be seen from the downward conditions for the correction phase which appears to be experiencing bearish rejection at ma50 (red) in the range of 0.6560. After that, the price is currently trying to be bullish again to reach the two supply areas above in the range of 0.6600 and 0.6625. The formation of a new header is also open enough to move beyond the next resistance area at around 0.6645. Movement above this price level is likely to encourage further base up rally movement to reach the previous year's highest price limit at around 0.6898. It is possible that a bearish movement could occur again, for example if the increase experiences a bullish rejection condition in the range of 2 Supply levels, 0.6600 and 0.6625. The trend can be confirmed as initially bearish if the downward movement is able to pass through the support area below the 200 Ma (blue) movement at around 0.6516. Consideration of the next entry plan that can be taken into account seems to still be possible to carry out purchase transactions to enter the range of 0.6560-0.6570. Purchases from this price level range can plan for TP1 to reach the 0.6600 level and TP2 to reach 0.6625. This buying plan could place the risk of loss below the 0.6510 level. Meanwhile, for consideration of sales transactions, you can wait for the price reaction in the 0.6600-0.6625 range. If there is a fairly valid bearish price action from this price level range, you can target sales to reach TP 1 in the range of 0.6560 and tp2 to reach the level of 0.6516. The selling plan could place the risk of losses above the 0.6645 level. Another selling option is to wait for a decline below 0.6516 with a bearish target of trying to reach the next support area at around 0.6464.