AUD/USD Lifts as Strength Through 0.70711

Research preview

AUDUSD Hourly, Daily And Weekly Candle Charts AUDUSD is trading near 0.70564 against the daily pivot at 0.70562, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. AUDUSD H1 candlestick chartAcross the hourly tape with price near 0.70564 keeps the bearish read active if lower highs keep forming. The quality of the move depends on sellers closed the latest candle below its open inside a 0.70556-0.70613 candle range, the recent sequence is still leaning lower, while price remains above pivot 0.70562. A stronger read requires the next hourly close should either defend the reaction zone or expose a false start; Against...