Weekly Technical Analysis Report 27 October – Bullish outlook seen on AUDUSD
October 27, 2022
Weekly Technical Analysis Report 27 October – Bullish outlook seen on AUDUSD
1. This week’s outlook on AUDUSD: Bullish outlook seen
On the H4 time frame, prices are approaching the support zone at 0.64000 which coincides with the 38.2% Fibonacci retracement where a pullback to this zone could present an opportunity to play the bounce to the next resistance zone at 0.67200, in line with the graphical resistance level and 61.8% Fibonacci retracement. Prices are holding above the 30 EMA as well, supporting the bullish bias.
Bullish outlook on AUDUSD: 27 October 2022 by Salzworth on TradingView.com
