Aussie Is Pointing Higher After Current Correction
May 13, 2025

AUDUSD

AUDUSD made a very strong drop at the start of April that came out of a triangle as stocks turned in risk-off mode. It retested 2024 lows, but keep in mind that moves out of a triangle are final in a sequence, and we talked about that on April 10, when we spotted the bottom on a daily chart. CLICK HERE

So despite the strong sell-off, we are not surprised by the current reversal, which is very strong one and suggests that the pair can be bottoming, so be aware of more upside after current corrective setback that can stop at 0.6300/0.6340 support for a flat.

Aussie Is Pointing Higher After Current Correction AUDUSD 4H Chart
AUDUSD 4H Chart

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