AUDUSD is in a bullish trend and the market is forming higher highs and higher lows. We are looking to buy AUDUSD at support at the price of 0.6580. From here onwards, we anticipate the markup from the current price. 

The ascending trendline is still pending a retest. Once market drops to the support, and a confluence is formed with the trendline, it will have a catalyst impact for the bullish impulse.

The retracement level of 61.8% is in confluence with the support level.

EMA 50 is also in confluence with the support level and the trendline retest level. 

RSI is at 57. It needs to dwell towards the neutralized level from where the market can form and confluence with the market factors.

AUDUSD buys from support

Nov 29 2023