#AUDUSD @ 0.66213 bulls are in the market following a strong open.
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
- AUD/USD bulls are in the market following a strong open.
- A correction is underway but bulls remain committed at 0.6600 support.
As per the pre-open market analysis, the price rallied into and beyond the M-formation´s neckline which was forecasted to be a pull on the Aussie for the open.
The prior analysis explained that an M-formation had formed on this hourly chart:
´´The M-formation is a reversion pattern and the price can be pulled into the neckline for a restest which is yet to play out, so far. However, it is worth noting for the open this week with 0.6600 being a key level in this regard.´´
The bulls are in the market and the correction of the opening rally is stalling above 0.66 so far.
A break has occurred through a micro trendline resistance with more work to do from the bulls to get over the line. 0.6620 will be a milestone on the onward´s journey for laying down the foundations of a continuation beyond 0.6650.
[/s2If]
Join Our Telegram Group
