AUD/USD false break reversal
The AUD/USD chart is super interesting to watch and trade this week.
It fell yesterday to a fresh multi-year low, but rallied from its lows to close the day higher after Trump delayed tariffs on the USA's northern and southern neighbours.
Anyway, the AUD/USD has potentially formed what looks like a false break bullish reversal pattern against the January low of 0.6131.
The bulls will want to see rates now hold above Monday's high (that too, being a nice a hammer candle). If seen, we could see further follow-up technical buying in the days ahead.
By Fawad Razaqzada, market analyst at FOREX.com
It fell yesterday to a fresh multi-year low, but rallied from its lows to close the day higher after Trump delayed tariffs on the USA's northern and southern neighbours.
Anyway, the AUD/USD has potentially formed what looks like a false break bullish reversal pattern against the January low of 0.6131.
The bulls will want to see rates now hold above Monday's high (that too, being a nice a hammer candle). If seen, we could see further follow-up technical buying in the days ahead.
By Fawad Razaqzada, market analyst at FOREX.com
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.