FX.co ★ torp.paris | AUD/USD

Hello everyone, dear participants and guests of the thread! Regarding the AUD/USD currency pair at the end of the week, the following situation has developed: on the daily timeframe, a pin bar has formed from the order block zone, which is a strong signal for a reversal. It is still early to talk about a reversal, especially on the daily timeframe, but such a signal should definitely be taken into account and kept in mind for trading next week. As for the H4 timeframe, there is also a small signal for a reversal: the trend line has been broken, and if it manages to hold above it, this fact will also be in favor of an attempt to reverse or at least a good pullback. The next step to consolidate the success of buyers will be a breakout of the previous week's high at the level of 0.6493, if this is achieved, it will be another confirmation of the strengthening of buyers' positions and further growth. Wishing everyone good luck and profits!