Preferred direction: BUY
Comment: A fairly solid strengthening of the buyer is also looking over AUDUSD currency pair. Here, the price is sure to be squeezed into a narrow balance, which most likely serves as an accumulative base for a long position. Just like with the euro, market sellers continue to enter the market, but they are unable to push the price lower. A limit buyer is at work.
We take the round level of 0.68000 as a target, after which a downward correction will most likely follow, and maybe even a fall with a target at the level of 0.65010.
Thank you for like and share your views!
Comment: A fairly solid strengthening of the buyer is also looking over AUDUSD currency pair. Here, the price is sure to be squeezed into a narrow balance, which most likely serves as an accumulative base for a long position. Just like with the euro, market sellers continue to enter the market, but they are unable to push the price lower. A limit buyer is at work.
We take the round level of 0.68000 as a target, after which a downward correction will most likely follow, and maybe even a fall with a target at the level of 0.65010.
Thank you for like and share your views!
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