Forex | AUDUSD | Will Buyer Momentum Continue?
Today’s focus: AUDUSD
Pattern – HL
Possible targets – 68.11 – 68.85
Support – 67.17
Resistance – 67.75
Could we see further upside from the AUDUSD? Currently, the price is bouncing off short-term support. This could continue if some of this week’s key news goes in the favour of risk markets. The USD has had a solid run recently, but could any hints at future rant holds set off a new pullback? If so, this could fuel the AUD to continue its push.
Australian CPI is also due out on Thursday and is forecast to come in slightly lower. Could a miss also help drive buying?
We will continue to watch the price as it holds off short-term support with a new HL and see if it can continue to push higher, reclaiming some of last week’s lost ground.
AUDUSD D1 Chart
AUDUSD video analysis link below
https://www.tradingview.com/chart/AUDUSD/77gWZTth-AUDUSD-will-buyer-momentum-continue/
Have a great day and good trading.
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