AU is currently in a ranging condition, between 0.7817 resistance zone & 0.7613 support zone. In today's trading session, I will remain neutral bias. Two scenarios that I am looking at
1. I notice a potential exhaustion pattern forming, if we get a clear break above that could send AU towards 0.7817 resistance zone (Bullish)
2. If there's further bearish pressure, that could expose 0.7613 as the nearest support zone (Bearish)
The overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
1. I notice a potential exhaustion pattern forming, if we get a clear break above that could send AU towards 0.7817 resistance zone (Bullish)
2. If there's further bearish pressure, that could expose 0.7613 as the nearest support zone (Bearish)
The overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.