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13.07.202121:21 विदेशी मुद्रा विश्लेषण और समीक्षा: AUDUSD approaching buy area.

AUDUSD is close to making new short-term lower lows as price is again below 0.7450. Trend remains bearish. There are some indications that a major low is close and a trend reversal is near, however we have no confirmation yet.

Exchange Rates 13.07.2021 analysis

Red lines - bullish RSI divergence

AUDUSD could make a new lower low soon towards 0.74. If this lower low is followed by another bullish divergence in the RSI, then this would be a bullish sign and that a reversal is close. This would imply that the downtrend is weakening. That is why with AUDUSD around 0.74 I believe the risk reward favors the bullish side of the trades. That is why the area around 0.74 is considered my buy area as I expect price to make a strong move higher. This bullish setup is canceled if the RSI makes new lower lows.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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