AUDUSD shows potential for a rally after undergoing a temporary correction phase. The current price is supported by a swing low pattern, which indicates the continuation of the bullish trend. Additionally, confirmation from candlestick patterns strengthens the likelihood of upward movement in the short term.
With this momentum, traders can monitor key levels for entry opportunities while anticipating potential risks due to market volatility. A combination of technical analysis and fundamental monitoring can assist in making informed decisions.
Trade Recommendation
Entry Buy : 0.61950
Stop Loss : 0.61650
Take Profit : 0.62250
Take Profit (2) : 0.62550
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