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 bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.