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AUDUSD: The price is MOVING up to its WEEKLY RESISTANCE zone
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🟢Forex Pair:
AUD/USD
⚪Technical Analysis:
During the 5th of February 2021, the price got an interesting bullish impulse on the secondary trendline, breaking through the S/R zone at about 0.76580 with no hesitation.
Once it reached the resistance zone at about 0.78000, it re-tested that a couple of times and then it's quickly pushed up getting another bullish impulse on its secondary trendline.
It is currently on the same level with a possibility to see a new correction until its previous S/R zone.
🔴Conclusion:
Overall this market is still following a strong uptrend and I'm confident to see a upcoming bullish impulse once it will get a correction or a termporary consolidation.
Considering also the strong daily upbar during the last session, I would keep this pair in a watchlist and be ready for a long position.
The level at about 0.79000 could be an interesting entry point!
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
🟢Forex Pair:
AUD/USD
⚪Technical Analysis:
During the 5th of February 2021, the price got an interesting bullish impulse on the secondary trendline, breaking through the S/R zone at about 0.76580 with no hesitation.
Once it reached the resistance zone at about 0.78000, it re-tested that a couple of times and then it's quickly pushed up getting another bullish impulse on its secondary trendline.
It is currently on the same level with a possibility to see a new correction until its previous S/R zone.
🔴Conclusion:
Overall this market is still following a strong uptrend and I'm confident to see a upcoming bullish impulse once it will get a correction or a termporary consolidation.
Considering also the strong daily upbar during the last session, I would keep this pair in a watchlist and be ready for a long position.
The level at about 0.79000 could be an interesting entry point!
Stay tuned for Updates and Trading Signals!
What's your opinion? Share your idea writing a comment!
⚠️Please note the views are not investment advice and should be used only for educational purposes⚠️
Trade Safe and Responsibly,
Gianni
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