1️⃣ Bullish flag formation 76.000 support 2️⃣ 76.550 October month high 3️⃣ Positive risk sentiment, Vaccine news 4️⃣ 75.800 50% Fibonacci Dynamic support and resistance 5️⃣ 78.450 September high acted as strong resistance-Key trend reversal area 6️⃣ 75.640 Point of control - Volume profile 7️⃣ Technical support - Bullish 8️⃣ 78.450 will acted as key reversal-bearish 9️⃣ AUDPY trading within a broad rising channel 🔟 Possible swing target-78.450 #️⃣ Overall long-term trend- Bullish
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📉 Technical bias-Day-Bullish
Price is above 50,100,200 Exponential moving average 50 Exponential moving average will act as support-Bullish Relative strength index - well above 60 - Bullish trend MACD -Histogram is still in green zone, Oscillators are pointing upward Stochastic - Reached around 75- overbought condition will give a short term fall back expected Ichimoku cloud -cloud is still red and about to turn as green-Price is well above the cloud Bollinger band- Price reached around the upper side of the band-Short term bearish correction towards middle band was expected
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Key reversal area's
72.000 psychological level 75.640 Point of control area Volume analysis 78.350 Sep month high 76.200 Break and retest area 78.000 Major psychological level 76.450 Possible entry- Bull 78.350 Sep month high/ Alternative bearish entry
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