What's going on with AUDUSD?

Upward trend forming, EMA break and retest. 3 profit zones identified. AUDUSD touches the target The Australian dollar pair against the US dollar , and finds strong support there to now show some bullish bias, influenced positively by stochastic indicators, heading towards achieving immediate gains that may reach 0.6468 .

Why are Australian dollar and US dollar so popular?

The Australian Dollar and the US Dollar pair belong the Majors, a group of the most popular traded pairs in the world. This pair's popularity soared because traders were attracted to the interest rate differential of the pair. This has waned in recent years due to economic volatility worldwide.

What is a downside breakout scenario for the EUR/AUD currency pair?

Here's how you can approach this trading opportunity: EIn this trading strategy, we'll explore a potential downside breakout scenario for the EUR/AUD currency pair. A downside breakout occurs when the price of an asset breaks below a significant support level, indicating a potential bearish trend.

Will AUDUSD approach marked line?

GOING LONG As per analysis AUDUSD will approach marked line .. stay alert who are selling As per analysis AUDUSD will approach marked line .. stay alert who are selling