AUD/USD Price Analysis: Bulls making good headway start of week – by fx_ross AUDUSD Technical Analysis
Bulls eye a move into a price imbalance on the hourly charts., the market is following the projected trajectory higher and is well on its way towards the 38.2% Fibonacci retracement level near 0.6240. We have seen a high of the day at 0.6234 so far from a low of 0.6202. As per the hourly chart, it was explained that AUD/USD ''is well below last month's lows and will remain in the bear's hands so long as Friday's highs of near 0.6250 are not violated.
retracement near 0.6275. It was stated that ''while below this area of resistance, the focus will be on a break of the fresh bear cycle lows near 0.6170 and for a downside continuation.''Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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