AUDUSD is in a bullish trend with the formation of higher highs and higher lows. The support level is at 0.6540, which is a catalyst for the make or break for the market. If market starts to print bullish price action from here onwards, then I will be looking for buys towards the next resistance. 

The descending trendline is formed but the market has yet to break it out for buys.

The EMA 50 is still bullish and the market has the potential to continue moving up. We might not get a retest on the EMA 50 at the support level. 

The retracement level is in confluence with the support level with the level of 50%. This will continue its formation upwards.

RSI is at 54. It needs to neutralize and retest at the 50 level to align with the technical factors.

AUDUSD buys from support

Nov 22 2023