Today’s analysis – AUDUSD – trading above a key Weekly S/R, allowing for a bullish bias,
Points to consider,
- Price Action Impulsive
- Weekly S/R Support
(.618 Fibonacci Confluence )
- Swing High Objective
- Low Volume
AUDUSD’s immediate price action is trading at an area of technical confluence, that is with the Weekly S/R and the .618 Fibonacci, a respect of this level is probable.
The immediate objective is the swing high, exceeding this level will continue the overall trend.
The current volume profile is below average, an influx is high imminent when testing a key trade location as such.
Overall, in my opinion,
AUDUSD is a valid long with defined risk; price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()