After a strong bounce off the ascending trendline, AUDUSD is climbing decisively, clearing out multiple FVG zones on its way toward the key resistance near 0.66300. The bullish structure is intact, and buyers are clearly in control.
News backing the move:
– U.S. S&P Global PMI just came in below expectations, slowing the USD.
– China – Australia’s major trading partner – is signaling fresh stimulus, giving AUD an indirect boost.
If price reaches the 0.66300 zone without strong rejection, this could trigger a breakout that sets the stage for a new rally in August.
Caution: A USD rebound from this week’s data could briefly slow AUDUSD. But for now, the bulls are driving!
News backing the move:
– U.S. S&P Global PMI just came in below expectations, slowing the USD.
– China – Australia’s major trading partner – is signaling fresh stimulus, giving AUD an indirect boost.
If price reaches the 0.66300 zone without strong rejection, this could trigger a breakout that sets the stage for a new rally in August.
Caution: A USD rebound from this week’s data could briefly slow AUDUSD. But for now, the bulls are driving!
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Top trading opportunities are waiting for you! : t.me/+TaRRH29IRysyNGJl
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.