Bullish Map: Key Levels for Australian Dollar Futures
0.62086: Today’s developing VWAP. Price holding above this level signals that the bullish reversal remains in play, even if temporary.0.62: Approximately yesterday’s VWAP. As long as price is above this level, short positions are not advisable.0.62105: The Value Area Low (VAL) from December 27. Prices holding above this support strengthen the bullish outlook.0.622: Today’s developing Value Area High (VAH), a critical level suggesting further upward momentum.0.62255: The VWAP from two days ago, a resistance level that traders should monitor.0.623: The VWAP from four days ago, marking an important resistance point.0.62325: The Value Area High (VAH) from two days ago, a key target with a strong likelihood of being reached today.0.626: A higher resistance level where partial profit-taking is expected, potentially leading to a pause or minor decline.Price below 0.62086 (today’s VWAP) or 0.62 (yesterday’s VWAP) would weaken the bullish case and signal potential downside momentum.
Daily Timeframe Outlook for the Aussie
What Australian Dollar Traders Should Be Looking Out For
As always, trade Australian Dollar Futures and AUD/USD at your own risk, and align strategies with your risk tolerance and market outlook. Visit ForexLive.com for additional perspectives.
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