PropSignals

AUDUSD Bullish continuation

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FX:AUDUSD   澳元/美元
**Monthly Chart**

March 2024 monthly candle closed as a reversal doji candle after breaking the high of the previous candle, then closed near the low of the March candle. This indicates that AUDUSD has a strong probability to start moving higher.

**Weekly Chart**

Last week's candle closed as an engulfing candle after taking the high of the previous week's candle. The reason is that it didn’t take the low as it reversed near it. This indicates that the price will likely start moving higher in the coming weeks.

**Daily Chart**

Last week AUDUSD coiled near a relatively equal weekly low (demand zone), created a manipulation candle and started moving higher. This indicates a continuing bullish move at least towards 0.66500 level and then 0.67000

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