AUD/USD Extends as Continuation Toward 0.72002

Research preview

AUDUSD Hourly, Daily And Weekly Candle Charts AUDUSD is trading near 0.71408 against the daily pivot at 0.71155, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. AUDUSD H1 candlestick chartOn H1 with price near 0.71408 supports a bullish trade read only if follow-through persists. The useful evidence is buyers held the latest candle above its open inside a 0.71380-0.71421 candle range, the recent sequence is still pressing higher, while price is testing resistance near R1 0.71291. A better signal would be the next hourly close should either defend the reaction zone or expose a false start; Around the decision zone,...