- Analytics
- News and Tools
- Market News
- AUD/USD Price Analysis: Bulls home in on the 0.7000s
AUD/USD Price Analysis: Bulls home in on the 0.7000s
- AUD/USD bulls tale control and have the 0.7000s clocked.
- There is a bullish bias on the time frames with 0.7005 eyed for the session ahead.
As per the prior analyses, AUD/USD Price Analysis: Bulls eye a break of 0.6980 or face a move lower, and, AUD/USD bulls cheer a less hawkish outcome at the Fed, the bulls stay in control.
AUD/USD, daily & H4 chart, prior analyses
From a 4-hour perspective, below, the price had almost completely mitigated the price imbalance between 0.7003 and 0.7013 which left the scope for a bearish correction, prior to the next bullish impulse.
AUD/USD live market
The price is playing out according to the above analysis as per the 4-hour chart above. If 0.7005 gives, then 0.7013 and the 0.7050s will be eyed.
From an hourly perspective, as per the chart above, the broadening formation is worth acknowledging and currently favours the upside.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
