Australian Pound Analysis with Identification of the Best Expected Buying Zones

The Australian Pound pair has broken the downtrend on the daily timeframe and has also broken through resistance levels, establishing new buying demand zones that are currently the strongest and most favorable on the daily chart.

Indications so far point to a trend reversal and the beginning of an upward trend. Therefore, it is recommended to focus on buying opportunities during any corrections.

Expected Targets

If the price falls and tests the new demand zones at 1.8894, it is expected to rebound to the targets of 1.9070 and 1.9250, respectively.

This analysis will be invalidated if a full candle closes below the identified demand zones.