AUDUSD 26 Jun 2024

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AUDUSD 26 Jun 2024 On the weekly timeframe, AUDUSD is still below the S1 support line and has yet to show any significant movement, still struggling inside the kumo cloud. However, the pair is showing bullish conditions on candlesticks, which is reinforced by the appearance of stochastic whose graph is rising towards the 80 level. This indicates the potential for further bullish movement, although the pair still has to overcome the resistance present in the kumo cloud to strengthen more significantly. Traders should watch for further confirmation from other technical indicators to confirm the continuation of this bullish trend.

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