crncy
Short

AudUsd top-down supply and demand analysis.

FX_IDC:AUDUSD   AUSTRALIAN DOLLAR / US DOLLAR
493 2 25
AUDUSD             hit monthly supply area .76 and weekly supply area .77 and dropped. Long-Term bias remains bearish .
  • Monthly demand area .64 next .56
Comment:
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Comment:
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Comment:
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thank you :)
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Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
AUD/USD swing based on Market Profile and Price Action
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