AUDUSD ANALYSIS AND BUY ZONE

*AUD/USD Buy Opportunity:*

A potential buying opportunity has been identified in the AUD/USD pair, with a buy entry between 0.63225 and 0.62650.

*Buy Entry:* 0.63225 - 0.62650

*Target Levels:*

- _TP1: 0.64505_
- _TP2: 0.66338_

*Stop-Loss:* 0.61700

*Reasons to Buy:*

1. *Technical Support:* The AUD/USD pair has reached a strong technical support level, where buyers may enter the market and push prices higher.
2. *Bullish Momentum:* The pair's momentum indicators are showing bullish signals, indicating a potential increase in prices.
3. *Fundamental Analysis:* Rising commodity prices and a potential easing of trade tensions support the AUD.

*Key Factors:*

1. *Commodity Prices:* Rising commodity prices, such as Gold, Steel, and Iron Ore, support the AUD.
2.*RBA Monetary Policy:* The Reserve Bank of Australia (RBA) has cut interest rates, and market expectations suggest further easing may be on the horizon.

*Evidence:*

1. *Chart Patterns:* The AUD/USD pair has formed a bullish chart pattern, indicating a potential increase in prices.
2. *Candlestick Analysis:* The pair has formed a bullish candlestick pattern, indicating a potential change in trend.
3. *Technical Indicators:* The pair's technical indicators are showing bullish signals.

*Trading Strategy:*

Buyers may look to enter the market between 0.63225 and 0.62650, with a stop-loss at 0.61700. The TP levels can be used to take profits or adjust the stop-loss to break-even.

*Key Data Releases:*

Traders will closely watch Australia's labour market report on March 20 for clues on the RBA's next steps.

Keep your best wishes to Travis 👍