can we see Audusd push higher?..
in my opinion, we can see more bullish momentum to the targets I have marked up aligning with the 12hr 50ema and daily 50ema.
breaking down my technical analysis, you can see there has been a massive sell-off breaking some all-time lows, this has created a very overextended daily run.
finally, we reached daily support, on the 4hr time frame we began seeing signs of deceleration, with the daily support being respected.
there was a very respected 4hr trend line created price was also holding the 50ema, with the strong impulse break of the trend line and resistance zone & 0.6000 level.
I anticipate a small pullback to 0.6000 for a further continuation.
in my opinion, we can see more bullish momentum to the targets I have marked up aligning with the 12hr 50ema and daily 50ema.
breaking down my technical analysis, you can see there has been a massive sell-off breaking some all-time lows, this has created a very overextended daily run.
finally, we reached daily support, on the 4hr time frame we began seeing signs of deceleration, with the daily support being respected.
there was a very respected 4hr trend line created price was also holding the 50ema, with the strong impulse break of the trend line and resistance zone & 0.6000 level.
I anticipate a small pullback to 0.6000 for a further continuation.