AUD/USD CHANNEL UP

17 Kas 2023

AUDUSD Is in a bullish channel on the short-term trying to escape from a bearish trend that has been following it for a few weeks. The fibonacci retratement shows how the 50% level matches the POC of the structure, wich is a zone for a possible rebound on the price
(We do not dismiss that the price would go for a 61% level "0.64150" On price). But the trend in the 4 hrs chart shows more bullish force than the intention for the sellers to keep the price down.