AUD/USD PRICE ANALYSIS: BULLS HAVE COMMITTED AT A KEY WEEKLY SUPPORT AND 61.8% GOLDEN RATIO

• AUD/USD bulls are protecting a key hourly support area.
• The bulls are also driving up from a 61.8% ratio on the weekly chart.

As per the prior analysis from the New York session, AUD/USD Price Analysis: Bulls are correcting into a critical area of resistance, the Aussie has indeed moved higher and even through the initial layer of the resistance zone as per the following analysis:

AUD/USD DAILY CHART

The price is meeting offers in current trade, as per the H1 chart below:

The bulls are committing to the 50% mean revision area and going by the weekly chart, there could some upside ahead for the remainder of the week and beyond:

AUD/USD weekly chart

The price has been established at weekly support and the 61.8% ratio so this could equate to a follow though for the bulls and the foreseeable future.