AUDUSD rebounded from demand zone at level 0.6680 after forming false breakout
Price broke downtrendline
Based above Moving Average 100
Price is above HVN at level 0.6693 which indicates that pair is in accumulation phase
MACD shows weakness in bearish momentum
RSI rebounded from oversold region
It's expected for coming bullish wave to target key level at 0.6852
Price broke downtrendline
Based above Moving Average 100
Price is above HVN at level 0.6693 which indicates that pair is in accumulation phase
MACD shows weakness in bearish momentum
RSI rebounded from oversold region
It's expected for coming bullish wave to target key level at 0.6852
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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.