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Trading Journal Friday, August 28, 2026 AUDUSD Market Analysis

Hello everyone, welcome back to Anisa Hidup. I'd like to greet you and share my daily journal on forex market analysis. For today's trading, the currency pair I'm focusing on is AUDUSD. Its movement is quite interesting to observe, as the long-running bullish rally has been maintained. Even after the price previously touched the resistance area, buying pressure remains dominant, providing traders with an opportunity to consider a buy scenario as long as the bullish structure remains intact. Looking at the daily timeframe, the AUDUSD price remains above the middle Bollinger Band and the 50-day moving average (EMA). This indicates that the bullish trend remains quite strong and technically valid. Additional confirmation is also seen from the MACD indicator, where the histogram continues to rise consistently. However, the current price increase tends to be gradual and not overly impulsive. This means that buyers are still dominant, but the upward movement still requires vigilance for a possible correction. If the bullish momentum continues, a potential next target area is the supply zone around 0.7238. This area is interesting because it previously contained a bearish engulfing formation that could act as important resistance. Moving to the H4 timeframe, the still-ascending Bollinger Bands further reinforce the bullish trend in AUDUSD. Previously, the price had fallen towards the 0.716 area, but seller pressure wasn't strong enough to push the price through that area. Instead, the price rebounded, indicating increased buying momentum. This is also supported by the MACD, which continues to show bullish momentum. For today's trading scenario, the 0.716 to 0.712 area is a zone worth watching for a pullback. Another alternative is to wait for a breakout at the 0.720 level for further confirmation before considering a buy position, with a target of the 0.723 area. However, every opportunity must be accompanied by disciplined risk management. Don't just focus on potential profits, but ensure position sizes and stop-losses are adjusted to your risk tolerance to maintain account stability. This concludes my trading journal for today. I hope this analysis can be useful for consideration and discussion. See you in the next journal.