Bullish bias based on following factors:
- Trend line dating back 6 months test
- Fresh demand level
- Bullish hat structure at trend line
- High volume node from volume profile
Additionally, a look at XAUAUD shows price coming off a similar 6 month trend line and reversal candlestick, adding confirmation of depreciation bias for AUD.
- Trend line dating back 6 months test
- Fresh demand level
- Bullish hat structure at trend line
- High volume node from volume profile
Additionally, a look at XAUAUD shows price coming off a similar 6 month trend line and reversal candlestick, adding confirmation of depreciation bias for AUD.