AUDUSD na-ebili maka ụbọchị nke anọ na ahịrị ruo 4

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AUDUSD Nyocha Ahịa - June 24

The AUDUSD pair has been trending upward for the first 4 days of the week, lingering at the top end of its intraday trading range, around 0.7586, heading into the American session. Following a slight bounce in the prior day, the Ndepụta US Dollar struggles for traction while focusing switches to the US’ important macroeconomic data releases.

Nzọụkwụ Isi
Usoro Nguzogide: 0.7800, 0.7700, 0.7600
Nkwado Ọkwa: 0.7531, 0.7476, 0.7350
AUDUSD termdị ogologo oge: anggba
AUDUSD is approaching the weekly resistance around 0.7600 in the European session on Thursday. As a result, the Australian pair validates its rebound from the ascending trendline support at 0.7476 level. After trading below the weekly high in the first half of the day, keeping AUDUSD’s constrained, the bulls are back.
 
However, buyers remain optimistic due to strong momentum and trading past the weekly rising support line. As a result, AUDUSD traders should wait for a clear break of the area between the indicated moving average (5 and 13) which is now around 0.7600 and 0.7531 levels, respectively.
AUDUSD termdị obere oge: anggba
Beyond the mid 0.7500 marks, the AUDUSD continues in a range, with the intraday tilting first towards the 0.7600 level. A further gain could ensure that the 0.7600 thresholds is been crossed. The short-term gain from 0.7476 to 0.7599 might reach 0.7700 levels.

However, given the prolonged consolidation state in the 4 hour RSI, a return to the 0.7476 support level could imply a short-term topping. The intraday bias will be shifted back to the downside as the market corrects towards a weaker support level at 0.7400.

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