AUDUSD is testing a key support zone, with a significant liquidity pool positioned just below it. The broader daily trend remains bullish, giving buyers an opportunity to regain controlAt the same time, the U.S. Dollar Index is testing resistance. Profit-taking near the 101.5 area could trigger a pullback in the dollar, providing additional support for the Australian dollar.
From a technical perspective, a substantial liquidity pool has formed below 0.69615. A long squeeze in this area could trigger a rebound and support a continuation of the prevailing uptrend toward the next target zone
Resistance levels: 0.6994, 0.7010, 0.7021
Support level: 0.6960
A false breakout below 0.69615, followed by a recovery and sustained consolidation above this level, could become the technical catalyst for a rally toward 0.6994–0.7020
Best regards,
R. Linda
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🌹TRADING is a CASINO💔!?
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