Pivot point: 0.7540
The preferred scenario: Entering long positions at the highest levels of 0.7540, targeting the levels of 0.7600, then the 0.7640 .
The alternative scenario: Entering short positions in the event of price stability below the 0.7540 levels, targeting the 0.7440 levels.
Commentary: The Aussie dollar pair witnessed a change in the general bearish trend to bullish, after breaking the bearish price channel, and approaching the completion of the correction stage, to return to complete the new general bullish trend , especially in light of the positive crossover of the EMA50 above the EMA100, in a confirmatory sign that there are more rises in the short term.
