The Aussie Pair Has A Potential For Further Upside Movement
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Technical analysis:
AUD/USD has been trading upside and I found breakout of the multi-week defined trading range, which is good sign that buyers are in control and that there is chance for further upside movement.
Trading recommendation:
Due to the strong upside pressure and short-term trend in the background, I see potential for further upside movement towards next upside objectives.
Watch for the potential buying opportunities with the upside objectives at 0.7020, 0.7125 and 0.7265.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of 0.6850
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Relevance up to 09:00 2023-01-10 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
