Technical analysis suggests that AUDUSD is currently in a strong uptrend and has the potential to reach 0.67 in the short term.
Reasons for the rally:
Breakout of the downtrend line
Formation of a bullish flag pattern
Increased trading volume
Crossing of RSI and MACD indicators
Important points:
Pay attention to support and resistance levels before entering a trade.
Use proper risk management.
Pay attention to economic news and developments in Australia and the United States.
#AUDUSD #bullish #technicalanalysis #forex
Reasons for the rally:
Breakout of the downtrend line
Formation of a bullish flag pattern
Increased trading volume
Crossing of RSI and MACD indicators
Important points:
Pay attention to support and resistance levels before entering a trade.
Use proper risk management.
Pay attention to economic news and developments in Australia and the United States.
#AUDUSD #bullish #technicalanalysis #forex