Get started
T3-Consultancy

AUDUSD H1: Bullish outlook seen, further upside above 0.6550

Long
Australian Dollar / U.S. Dollar (FOREXCOM:AUDUSD)  
T3-Consultancy  
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Trend Analysis Harmonic Patterns Chart Patterns DJ FXCM Index AUDUSD audusdlong audusdbullish Forex forexsignals forextrading
1
0
trendanalysis harmonicpatterns chartpattern usdollar audusd audusdlong audusdbullish forex forexsignals forextrading
Price is testing a key resistance zone at 0.6550 on the H1 timeframe, which is in line with the 38.2% Fibonacci retracement. A break above this upside confirmation level could provide the bullish acceleration to the resistance zone at 0.6620, which coincides with the 78.6% Fibonacci retracement. Price is holding above 20 EMA, supporting our bullish bias.
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.