Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

AUDUSD analysis & buy trade explained - 20 June 2024 #forex #trading #shorts #fyp #forexsignals

20 Jun 2024 · 1 min

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Vladimir Ribakov spots a bullish divergence in AUD/USD where price makes lower lows but MACD forms higher lows, signaling weakening downside momentum. The pair then flips to higher highs and higher lows. He expects the Australian dollar to rally as long as it holds a strong support zone.

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Can Australian dollar continue its rally? Let's take a look on the chart. Daily chart, bullish divergence, lower lows on the chart, higher lows on the MACD moving averages. After the bullish divergence, the price structure flips and the market is making higher highs. On a daily chart, bullish price action, bullish trend structure, 3 higher highs, higher lows, bounce back Moving as a range and holding massive support zone. And as long as this support zone will hold, I would expect the Aussie dollar continue further to the upside. What do you think about this one? Let me know in the comments.