AUDUSD Analysis, April 24, 2025
AUDUSD on TF M15 The candlestick movement at the end of the chart shows a consistent bullish pattern with a fairly solid body. This indicates that buyers are starting to show their strength after the market was previously in a sideways or consolidation condition in the lower area. In addition, a price pattern resembling a small inverse head and shoulders is seen?a fairly strong trend reversal pattern if confirmed by a breakout above the MA200. This increase occurred in the form of a series of higher lows and higher highs that strengthened the short-term upward momentum.
If the price fails to penetrate the MA200 and a bearish reversal candlestick signal appears such as a pin bar, shooting star, or bearish engulfing, then this could be a signal for a sell entry. In this case, the target for the decline can be directed back to the 0.6350 ? 0.6340 area, with a stop loss placed slightly above the MA200.