ForexCSP

Analysis AUDUSD ready to rise from 0.64950?

Long
ForexCSP Updated   
OANDA:AUDUSD   Australian Dollar / U.S. Dollar


My analysis shows that the AUDUSD currency pair has a high probability of upside at the 0.64950 level.

Reasons for this analysis:


Strong support at 0.64950: The 0.64950 level forms a strong support zone with the convergence of several support levels.

AUDUSD is expected to move higher from the 0.64950 level.

The first upside target is at the 0.66200 level.

If it crosses 0.66200, we can predict a rise to 0.67500.

important points:


Pay attention to risk management and the use of stop loss in your transactions.

This analysis is for informational purposes only and does not constitute investment advice.
Trade active:
It is moving towards the target
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.