AUD/USD is displaying a bullish continuation pattern in the form of a bullish flag.
A buy order has been placed just above the resistance line. A break above this resistance line would indicate a continuation of bullish movements following confirmation of a potential continuation of an uptrend.
- The RVI cross over further indicates a potential buying opportunity.
- The MACD is also negative and beginning to show bullish momentum, another signal for a potential buy opportunity
- The pair is trading above the 200 EMA.
I am new to trading, if you have any feedback on my analysis, feel free to comment!
A buy order has been placed just above the resistance line. A break above this resistance line would indicate a continuation of bullish movements following confirmation of a potential continuation of an uptrend.
- The RVI cross over further indicates a potential buying opportunity.
- The MACD is also negative and beginning to show bullish momentum, another signal for a potential buy opportunity
- The pair is trading above the 200 EMA.
I am new to trading, if you have any feedback on my analysis, feel free to comment!