AUD/USD Bulls Are Pressuring the Price

AUD/USD Technical Analysis

• AUD/USD Buyers are advancing
• The AUD is going up
• Above 0.7256 the way is open to 0.7500 zone
• Potential for 0.8000

Daily Chart AUD/USD

1. Swing low
2. Swing high
3. Now moment buyers
4. The final target

The AUD/USD economy is recovering. Technical analysis looks aligned to fundamentals. At this point we can see that the price is advancing towards M H4 camarilla pivot – 0.7256. If the price gets to the pivot and makes a break close above we should see the continuation up towards 0.7400-0.7500. There is even a potential for higher targets. Buying the dips around Q L3 pivot as you can see on the chart above.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad