Long

AUDUSD - A long squeeze could trigger a rally

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 control

At 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

RLinda

🌹TRADING is a CASINO💔!?

NO‼️

Join me, I'll guide you to PROFITABLE TRADING💵!

(don't copy, click on the links!)

🟢Telegram Channel: telegram.me/RLindaTrade

🧿 Web: rlinda.com

🔴Contact: telegram.me/RLindaSignals

Również na:

Powiązane publikacje

USDCAD - From consolidation to downward distribution

od RLinda

NZDJPY - Long squeeze before a rally. Bullish trend

od RLinda

Wyłączenie odpowiedzialności

Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.

RLinda

Również na:

Powiązane publikacje

USDCAD - From consolidation to downward distribution

od RLinda

NZDJPY - Long squeeze before a rally. Bullish trend

od RLinda