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AUDUSD 29 Dec 2023

AUDUSD 29 Dec 2023 on the weekly timeframe. This pair was seen successfully strengthening and rising through the kumo cloud on the ichimoku indicator after having touched S2 in the past 2 months. Successfully rising from the price position of 0.62363 until now able to occupy the price position of 0.68408. If this pair is able to continue the bullish trend that is continuing until it breaks S1 towards R1, then go-long is still an option for traders. However, if there is a trend reversal when it touches S1 due to saturation which is also visible on the stochastic indicator, then go-short is an option.

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