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:
Trader_Dale
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There was very strong resistance 0.7446 (based on Market profile and price action). There were very significant volumes traded there in the past. But it seems like the price went through it. If the market goes higher than 0.7525 I think this will work as a strong support and AUD/USD will shoot up.
If you like volume and market profile trading have look at my profile here at Trading View. I use mostly Market profile and price action for my analysis. Have a nice day.
Trader Dale
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: