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20 Mar 2023
AUD/USD Price Analysis: Bulls making their case for 0.6750
- AUD/USD bulls are in the market and eye 0.6750.
- Bullish structure is forming on the lower time frames.
As per AUD/USD´s prior analysis, AUD/USD Price Analysis: Bulls eye a break into the 0.67s, the bulls are making their way up and there is a focus on a bullish extension while on the front side of the trendline.
AUD/USD prior analysis
H1 chart
´´The bulls stepped in again on the correction in resistance which leaves a bullish bias for the open for an additional test in the 0.67s.´´
AUD/USD update
The bulls have scored a fresh high at the start of the week and the focus is on the potential support structure and trendline support. A break of the highs opens risk to 0.6750.