AUD/USD's Path to 0.70: Bullish Continuation in Play

27 ก.ย.

Since the beginning of August, AUD/USD has started reversing its bearish trend. The rise appears to be forming an ABCD pattern, with the final target potentially around the 0.70 level. After reaching a recent high, this week's correction halted exactly at the confluence of support, defined by a horizontal line and a trendline.
Yesterday, the pair quickly rebounded near its previous top, which is clearly a bullish sign

Today, we’re seeing a minor pullback, which could present a good buying opportunity. I remain bullish as long as the support holds and am targeting the 0.70 zone.