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Message: [QUOTE="FXOpen Trader, post: 240003, member: 130540"] [B][SIZE=5]AUDUSD Technical Analysis – 03rd JAN, 2025 AUDUSD – Bullish Trend Reversal[/SIZE][/B] [img]https://i.imgur.com/DkZItuN.png[/img] AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6192 the prices have started to correct upwards against the United States Dollar today in the London trading session. We can see Bullish trend reversal: Moving Average 50 present in the 30-minutes timeframe. Also, we see Bullish trend reversal: Moving Average 20 along with Bullish trend reversal: Moving Average 100 in the 1-hourly timeframe. When moving onto the 2-hourly timeframe we see Bullish trend reversal: Moving Average 50 and Bullish price crossover with Moving Average 100. The Aroon indicator bullish trend is visible in the 2-hourly timeframe. We see Ichimoku: price is over the cloud present in the 2-hourly timeframe. The prices are ranging Near a new LOW record (1 year) in the weekly timeframe. We can see SuperTrend indicator bullish reversal in the 2-hourly timeframe. Also, the MACD crosses UP its Moving Average in the daily timeframe. We have also detected Parabolic SAR indicator bullish reversal in the daily timeframe. AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages. • Aussie Bullish reversal seen above the 0.6192 mark. • Short-term range appears to be Bullish. • AUDUSD continues to remain above the 0.6210 levels. • Average true range ATR is indicating Less market volatility. The next resistance is located at 0.6230 which is a Price 3 Standard Deviations Resistance. AUDUSD is now trading near to its Pivot levels of 0.6215 and is moving into a Bullish channel. The price of AUDUSD remains above its Classic support levels of 0.6208 and is moving towards its next target of 0.6242 which is a Pivot Point 2nd Level Resistance. [I][B]Disclaimer:[/B] This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.[/I] [/QUOTE]

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