{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/aud-usd-bulls-still-in-charge\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/aud-usd-bulls-still-in-charge\/","headline":"AUD\/USD Bulls Still In Charge!","name":"AUD\/USD Bulls Still In Charge!","description":"AUD\/USD decreased a little in the short term after reaching 0.7776 today\u2019s high. It\u2019s located at 0.7760 level trying to retest a broken dynamic resistance. The bias remains bullish after AUD\/USD\u2019s failure to validate a larger decline. AUD\/USD could resume its growth if the US Consumer Confidence and the New Home Sales data will come […]","datePublished":"2021-05-26","dateModified":"2021-05-26","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/audusd.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/audusd.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/aud-usd-bulls-still-in-charge\/","about":["AUD\/USD","Trade Idea"],"wordCount":205,"keywords":["AUD\/USD","AUDUSD","Chart pattern","Technical Analysis"],"articleBody":"AUD\/USD decreased a little in the short term after reaching 0.7776 today\u2019s high. It\u2019s located at 0.7760 level trying to retest a broken dynamic resistance. The bias remains bullish after AUD\/USD\u2019s failure to validate a larger decline.AUD\/USD could resume its growth if the US Consumer Confidence and the New Home Sales data will come in worse than expected. The US Dollar Index is under massive selling pressure, so a further decline should weaken the US dollar.Technical Analysis!AUD\/USD failed to stabilize under the weekly pivot point (0.7749) and now is traded at 0.7762. It has decreased a little to retest the broken immediate downtrend line. Confirming the breakout above registering a new higher high could indicate further growth.On the other hand, dropping and stabilizing under the weekly pivot point (0.7749) could invalidate the bullish scenario. AUD\/USD escaped from a triangle chart pattern, but we still need confirmation before deciding to go long.Increasing and registering a valid breakout above the R1 (0.7789) could validate and activate more gains. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}