The AUDUSD pair performs the assumed scenario by breaking through the resistance level in the zone 0.67450 USD. Further pair increases are expected with the aim of re-testing the peak. However, corrections to recent growths are expected beforehand.


Yesterday’s analysis of the AUDUSD pair has included primarily a pro-growth scenario. Earlier, however, before the pair had to make a move upwards to reach the next zone – a significant resistance – it had to make a small correction. This was also the case when the pair went slightly behind the price support in the 0.67180 zone and generated another upward impulse. Then, in a single moment, it reached the expected zone – i.e. the level of 0.67450 USD.

AUDUSD H1

At this point, looking at the hourly chart, it is visible that the pair still has the potential for growths, but similarly to yesterday’s approach – it is expected that the growths will be temporarily halted. The correction that may occur in this area may reach the levels of the last resistance – which for the pair is now a system supporting further increases. The chart below shows a potential scenario for such a setup. This time the goal for the pair will be the zone of the last peak built during the nightly approach.


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