AUDUSD: Strong Zone

In the Daily Timeframe, AUDUSD started a short-term bullish trend after a long-term decline. The price has reached the critical 61.8 Fibonacci resistance area, and despite the growing bullish sentiment, two scenarios should be considered.

  • If the bulls push the price above 0.6680, the upside target will be 0.6760;
  • A rebound from the resistance will start the correction to the support at 0.6620;

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