Prediction for the AUD USD currency pair
For the AUD USD currency pair, this morning, there is quite a lot of seller pressure when seen from the bearish candle on the H1 timeframe of AUD USD currency pair which has a long body and forms engulfing. Today I myself tried to sell AUD USD currency pair at the price of 0.77430 with the aim of going down to 0.77100. For today's trading I think the sell option is more dominant on the AUD USD currency pair where the possibility that after breaking 0.77266. AUD USD currency pair has the potential to continue its advance further today where it is likely to go back to 0.77000, which is the highest price for some time. then. AUD USD currency pair has the potential to be corrected as well to test 0.76980 and could be a stepping for further gains.
On last day of closing the seller gave a surprise where it is able to provide a strong enough impetus so that it is observed that the market moves up significantly, seeing the buyers who currently still look quite strong, my prediction for this pair of AUD USD currency pair will move up again and the trading options that I am currently trying to prioritize are looking for opportunities to fire open buy, but the buy just for the some next hours time.
The price movements that occur at this AUD USD currency pair line today are seen forming a pattern that has begun to decline again and is still holding out above the support area found on the D1 time frame. for today what needs to be our attention is related to the release of data later in the European session and until tonight on AUD USD currency pair and if you look at the forecast it looks like fundamental data.