

The AUD/USD chart is currently showing signs of a bullish recovery. After a notable pullback, there has been a series of green candlesticks indicating renewed buying interest. This suggests potential upward momentum in the near term.
Despite the previous downturn, recent technical indicators point to possible positive movement, making the asset an interesting watch for traders. Confirmation of key signals will be essential for establishing a clear direction.
The chart shows a recent bullish recovery with a series of green candlesticks after a notable pullback, indicating renewed buying interest.
Initially, the trend is upward, followed by a correction. The recent uptrend suggests a potential reversal to the upside.
The area around 0.6950 acted as a support zone, where the recent bounce occurred.
The MACD line is converging upwards toward the Signal line, indicating a potential bullish crossover in the near term.
The MACD histogram is narrowing, suggesting weakening bearish momentum and a possible shift toward bullish momentum.
There appears to be a slight bullish divergence where the price made a lower low while the MACD did not, indicating potential upward pressure.
There is a slight increase in volume accompanying the recent upward movement, supporting the price rise.
The rising volume during the upward movement suggests commitment from buyers.
No significant abnormal spikes in volume that suggest unusual activity.
Around 0.6950, where the recent bounce occurred.
The previous highs around 0.7050 could act as a resistance zone if the price continues to rise.
Consider a buy position if the bullish crossover in MACD confirms, targeting the resistance zone around 0.7050.
Look for confirmation of the bullish crossover in MACD and increased volume for further validation of the upward move.
A failure to break above the immediate resistance could lead to a retest of the support level.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.