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Australian Dollar Outlook

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by , 04-10-2022 at 01:38 AM (490 Views)
The Australian Dollar has strong fundamentals, but external influences are dominating for now. Will the strong economy be realised in the AUD/USD price?

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Daily price is located in the primary bullish area of the chart above Ichimoku cloud: the price is on the secondary correction started 2-3 days ago by breaking 0.7455 support level to below for the correction to be continuing with 0.7253 target for the daily bearish reversal to be started.

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Weekly price is located inside Ichimoku cloud by trying to break bullsh triangle pattern with 0.7539 resistance level to above for the primary bullish reversal to be started.


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