AUD/USD 1H Chart Analysis
Key Levels to Watch:
- Resistance Area (0.63306 - 0.63437): Price is currently rejecting this supply zone, indicating potential selling pressure.
- Support Area (0.62730 - 0.63018): This demand zone has previously led to price reversals, making it a key level for potential buying opportunities.
Possible Scenarios:
1. If price continues to reject the resistance area, a move toward the support area is likely.
2. A break above resistance could trigger bullish momentum, pushing the price higher.
3. A bounce from the support zone may provide a buying opportunity for a potential retest of resistance.
Conclusion:
Traders should watch for confirmation of rejection or breakout at the resistance area. A short-term bearish move toward support seems likely unless buyers regain strength.
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Key Levels to Watch:
- Resistance Area (0.63306 - 0.63437): Price is currently rejecting this supply zone, indicating potential selling pressure.
- Support Area (0.62730 - 0.63018): This demand zone has previously led to price reversals, making it a key level for potential buying opportunities.
Possible Scenarios:
1. If price continues to reject the resistance area, a move toward the support area is likely.
2. A break above resistance could trigger bullish momentum, pushing the price higher.
3. A bounce from the support zone may provide a buying opportunity for a potential retest of resistance.
Conclusion:
Traders should watch for confirmation of rejection or breakout at the resistance area. A short-term bearish move toward support seems likely unless buyers regain strength.
If you enjoy, press the like button.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.