AUD/USD will strengthen as the Chinese economy improves
AUD/USD will strengthen as the Chinese economy improves
Examining the trend in the four-hour time frame, AUD/USD has an important support zone in the range of 0.6662-0.6646, and now, considering the rising averages of the ALIIGATOR indicator, there is a possibility of a price increase.
Overall, the scenario is strengthened that AUD/USD can rise to the resistance of the ceiling of the ascending channel at $0.6823, provided that the ascending channel bottom supports the range of 0.6662-0.6646.
Examining the trend in the four-hour time frame, AUD/USD has an important support zone in the range of 0.6662-0.6646, and now, considering the rising averages of the ALIIGATOR indicator, there is a possibility of a price increase.
Overall, the scenario is strengthened that AUD/USD can rise to the resistance of the ceiling of the ascending channel at $0.6823, provided that the ascending channel bottom supports the range of 0.6662-0.6646.