Whether you want to call it a bullish hammer, dragonfly doji, false downside break or morning star, the price action on the AUD/USD daily suggests the path of least resistance is higher in the near-term. With momentum indicators also starting to turn, the grounds for a more meaningful rebound appear to be building. AUD/USD rebound may extend Friday’s big reversal from below long-running uptrend support provided a strong tell on how the price fared on Monday, contributing to AUD/USD pushing back to horizontal support at .6450 which was the prior 2024 low. The sequencing of the last three candles suggests further ... (full story)