The AUDUSD has shown a lot of resilience after recovering from a low of 0.7625.
Expecting the bullish momentum to pick up.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart is showing a steady climb from the low with stochastic indicator above 50, signaling bullish momentum.
Weekly chart also shows doji, with stochastic crossing up.
A breach of the upper bollinger band on daily chart will confirm analysis, and we may possibly see 0.85
Expecting the bullish momentum to pick up.
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
Daily chart is showing a steady climb from the low with stochastic indicator above 50, signaling bullish momentum.
Weekly chart also shows doji, with stochastic crossing up.
A breach of the upper bollinger band on daily chart will confirm analysis, and we may possibly see 0.85