Intraday preference: BULLISH
Reference Area: 0.70492-0.70289 (look for BULLISH signal confirmation)
Support: 0.70492, 0.70289, 0.69962
Resistance: 0.70819, 0.71021, 0.71247
Today's AUDUSD continues to strengthen but again has to face the resistance area. the intraday bias is still bullish until when this analysis is made. Hourly stochastic shows a bearish indication, so watch out for possible correction today.
for alternative trading strategies AUDUSD based on forex technical analysis today we can look for buy signal confirmation if there is a correction to the area of 0.70492-0.70289. The target potential is up to the range 0.70617-0.70819.
a break above 0.70819 potentially will be followed by a further bullish move to the range 0.71021-0.71247.
Be careful if the price breaks below 0.70289 because it has the potential to frustrate this bullish scenario.
Alternative Strategy:
a break below the 0.70289 area will potentially be followed by a downward movement to the area of 0.70164-0.69962. If you are going to open a short position, make sure that the breakout is really valid