Click the link in the Yellow circle to see the previous analysis.
It was a perfect analysis; I predicted that after the Australia open international border news came out (chart attached below).
Currently, All eyes are waiting for the US unemployment data, and also Powell will testify later on in the US session.
Technically, so far, the price is precisely retesting the major down trendline. If the price can breakout and close above the major down trendline, I reckon AUD potentially will keep climbing to 0.737 area. However, if AUD rejects the major down trendline, there's a possibility that it will retrace to the 38.20% Fibonacci retracement. Based on the Moving average 50 and 200, currently, I remain bullish.
Please DO NOT enter the trade blindly because this analysis is the follow-up analysis and not a suggestion to buying AUD right now, very BAD price!
Catalyst: - US Unemployment - Powell testify - US PMI - NFP
I follow all your ideas and streams . This analysis was also wonderful. I had a small question, you mentioned the level of 0.7373 as the big resistance. If the daily candle is closed more than this level, will you still remain a bullish? Is it possible for you to re-analyze this currency pair? Thanks