27.05.202210:18 Forex Analysis & Reviews: AUDUSD Potential For Bullish Continuation | 27th May 2022

On the H1, with price moving above the Ichimoku cloud and price moving within the ascending trend channel, we have a bullish bias that price will rise to our 1st resistance at 0.72673 where the swing high is from our 1st support at 0.71004 in line with the 61.8% Fibonacci retracement. Alternatively, price may break support structure and head for 2nd support at 0.69442 where the horizontal pullback support and 23.6% Fibonacci retracement is.

Trading Recommendation

Entry:0.71004Reason for Entry:

61.8% Fibonacci retracement

Take Profit:0.72673

Reason for Take Profit:

Swing high

Stop Loss: 0.69442Reason for Stop Loss:

Horizontal pullback support and 23.6% Fibonacci retracement

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Dean Leo,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2022

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