February has been marked by two significant breaks for 
AUDUSD: one below the 0.6525 technical support and another below the psychological barrier of 0.65.
With the pair now trading back above both levels, there is a strong likelihood that these breaks were false.
As typically observed with false breaks, a robust reversal in the opposite direction may follow.
Furthermore, if the price surpasses 0.66, we can interpret the 0.6480 zone as a higher low, indicating potential momentum for the pair to test the resistance at 0.69.
I maintain a bullish stance on the Aussie dollar as long as the price remains above the recent low, and I am looking to buy on dips.
AUDUSD: one below the 0.6525 technical support and another below the psychological barrier of 0.65. With the pair now trading back above both levels, there is a strong likelihood that these breaks were false.
As typically observed with false breaks, a robust reversal in the opposite direction may follow.
Furthermore, if the price surpasses 0.66, we can interpret the 0.6480 zone as a higher low, indicating potential momentum for the pair to test the resistance at 0.69.
I maintain a bullish stance on the Aussie dollar as long as the price remains above the recent low, and I am looking to buy on dips.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
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.