Today, we will analyze the Australian Dollar Futures. On the weekly chart, we may already be witnessing the end of the corrective bearish movement, as we have seen a break of the previous lows at 0.6184. Technically, we have also closed above the EMA5 and EMA10, which suggests potential bullish momentum. However, I believe it's still premature to call a long-term bottom just yet.
What I would like to see next is a clear and distinct five-wave structure on the daily chart. This would indicate that the price could potentially close the week above the EMA50, currently at 0.6476. If this scenario plays out, I anticipate that the Australian Dollar could start a strong upward rally against the U.S. Dollar, aiming for a target at least around 0.8006.
What I would like to see next is a clear and distinct five-wave structure on the daily chart. This would indicate that the price could potentially close the week above the EMA50, currently at 0.6476. If this scenario plays out, I anticipate that the Australian Dollar could start a strong upward rally against the U.S. Dollar, aiming for a target at least around 0.8006.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.