For the AUD/USD currency pair involves the potential for a bullish move from the demand area located at the base of the previous swing. We have also noted an unfilled gap from previous weeks' price action and anticipate a downward shift to fill this gap.
As we move forward, we will be closely monitoring the supply area at our short-term swing high, with the possibility of a short move or a push through that high to initiate a lower move from the supply area marked above it. However, if these areas do not play out as expected, we will continue to wait for a bearish move, as we believe that the unfilled gap must eventually be filled.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
As we move forward, we will be closely monitoring the supply area at our short-term swing high, with the possibility of a short move or a push through that high to initiate a lower move from the supply area marked above it. However, if these areas do not play out as expected, we will continue to wait for a bearish move, as we believe that the unfilled gap must eventually be filled.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
