AUDUSD - Potential Rise to 0.76!
-If buyers start to regain the upper hand and lift the price above the 50-period SMA at 0.7505, sudden upside limitations may transpire from the Ichimoku lines at 0.7516 and 0.7520 respectively.
-If the positive traction off the cloud’s upper surface extends, the bulls may face a resistance band of 0.7546-0.7555, which has been shaped between the recent highs in the pair. If the ascent resumes, the pair could aim for the 0.7598 and 0.7616 highs before upside forces pilot the price to challenge the 0.7634-0.7644 resistance barricade.
-If the positive traction off the cloud’s upper surface extends, the bulls may face a resistance band of 0.7546-0.7555, which has been shaped between the recent highs in the pair. If the ascent resumes, the pair could aim for the 0.7598 and 0.7616 highs before upside forces pilot the price to challenge the 0.7634-0.7644 resistance barricade.
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