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- AUD/USD Price Analysis: Bulls eye 0.6820 while riding dynamic support
AUD/USD Price Analysis: Bulls eye 0.6820 while riding dynamic support
- AUD/USD bulls eye the price imbalance in the 0.6820s for the open.
- A break of 0.6750, however, will open the risk of a deeper move to test bullish commitments at 0.6700.
AUD/USD ended the week on the front foot with the price marching toward its strongest levels in three months. Risk appetite was elevated on Friday which could feed through for the open, tilting the bias to the upside as per the following analysis:
AUD/USD daily chart
The price has carved out a bullish scenario and a break of 0.6800 could be on the cards for the opening sessions.
AUD/USD H1 chart
The hourly chart sees the bulls on the front side of the bullish dynamic support. Eyes are on a price imbalance in the 0.6820s for the open. A break of 0.6750, however, will open the risk of a deeper move to test bullish commitments at 0.6700.
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