AUDUSD is showing clear strength after rebounding from a key support zone. The bullish structure remains intact with a series of higher lows, and the ascending trendline continues to hold. The recent pullback appears to be a healthy retracement before the market gathers momentum for the next leg up.
On the news front, the pair is supported by strong Australian employment data and expectations that the Federal Reserve will keep interest rates steady. This has slightly weakened the US dollar, giving AUD room to recover.
If buying pressure holds, AUDUSD could break through the overhead resistance and enter a new bullish phase. Now is the time for traders to watch price action closely and wait for a clear confirmation signal!
On the news front, the pair is supported by strong Australian employment data and expectations that the Federal Reserve will keep interest rates steady. This has slightly weakened the US dollar, giving AUD room to recover.
If buying pressure holds, AUDUSD could break through the overhead resistance and enter a new bullish phase. Now is the time for traders to watch price action closely and wait for a clear confirmation signal!
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.