In yesterday's analysis, I expect AU to chug around at 0.7740 zone due to the lack of bearish momentum, which was exactly what the market performed. In today's trading session, I will be focusing on short-term buying opportunities. Ideally, I am expecting some rotational condition pushing price back towards 0.78 zone, the reaction at 0.78 key resistance zone is vital. If the bullish pressure is strong that could lead to an upwards breakout. But if price again finds selling pressure, that could lead to some short-term consolidation between 0.77 - 0.78 range.
Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
Do not forget the overall trend on the higher timeframe remains bullish.
Trade safe.
Do follow my profile for daily fx forecast & educational content.
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