Price is testing the broken support area now resistance. Aussie is getting stronger across the board, I expect another test to the 1.86 support zone. We can also notice a HS confirmed so the pair could fall even more to 1.82 zone.
The Aussie is treading water in the run up to construction work completed and wages for Q4. Note, however, month end rebalancing flows are strongest on GBP and tomorrow is spot February 26. I am keeping close eyes on the support around highlighted region. However overall anticipating a break below.
We have seen two dojis in a row in the 1.37 weekly support, and a break and retest of the trendlines on lower timeframes such as H1and H4.
Also price above moving averages and 20ema has crossed over the 50ema on H1.
