Trading activities have started for the week, and the AUDUSD price action seems to have landed on physiological support. On the daily chart, technical indicators are predicting that price action may break through a price physiological support at 0.6631. However, it won't be corrected to just assume …
Despite the continuous D2T bearish pressure in the market, the price fails to go beyond the $0.024 price level. The supply line has shifted closer to the demand line, narrowing the price channel, but the demand line remains unaffected by the pressure. With the resistance level shifting closer to an …
The $0.024 level is the March 16 support level, from where the bull market launched a significant move to capture the $0.03 price level. The bulls were so ambitious at that time that they tested the threshold of the $0.035 price level. The bullish price at $0.035 was rejected, and the progress of …
