AUDUSD D1
AUDUSD has gracefully hovered within the 0.63 to 0.65 range, a trend that persisted until the recent breakout spurred by the dollar's softening. The 0.65 handle encountered a noteworthy rejection, mirroring the resistance observed at cable 1.25.
In light of these developments, a straightforward break-and-retest scenario cold unfold, suggesting the potential for a strategic long position initiation from the 0.65 retest price, as indicated.
AUDUSD has gracefully hovered within the 0.63 to 0.65 range, a trend that persisted until the recent breakout spurred by the dollar's softening. The 0.65 handle encountered a noteworthy rejection, mirroring the resistance observed at cable 1.25.
In light of these developments, a straightforward break-and-retest scenario cold unfold, suggesting the potential for a strategic long position initiation from the 0.65 retest price, as indicated.
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