AUDUSD: Potential Pullback from Key Support Zone

7 Jan

The AUDUSD pair is currently trading near a key daily support zone in the 0.61600–0.62400 range, which has previously acted as strong support. This area is critical as it aligns with historical price rejections and hints at the possibility of a bullish reversal.

If buyers regain control in this zone and the price begins to show signs of upward momentum, I anticipate a move toward the 0.63700 level.

if you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!

12 Jan

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