MY OUTLOOK ON AUDUSD
WEEKLY orderflow is bearish - price has pulled back to Premium Weekly Supply Zone and I'm expecting price to take out the weekly swing low @0.61699. DAILY orderflow is bullish in respect to mitigate the Weekly refined Daily Zone. 4H is still bullish too and is yet to mitigate the 4H refined Supply Zone from the Daily, since the 4H broke...
AUD/USD hits 10-month high above 0.76 handle, RBA leaves interest rate unchanged at 0.1% with positive economic outlook
AUD/USD is extending break above the weekly cloud and is poised for further gains. Next major hurdle for the pair lies at 110-month EMA at 0.7631.
AUDUSD (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
daily key reversal bar shows strength in future, 0.7610 support area need to hold, 0.7820 hurdle to continue bull run, if breaks then 0.7950 might be target.
Daily is a strong uptrend and the structure is all bullish. We will wait for the price to come back down to our zone then we will look for confirmations.
