
Expected scenarios with the best buying areas for the Australian pound.
The Australian pound is moving in a clear sideways movement on the 4-hour timeframe.
It is confined between the demand zones at 2.0848
and the supply zones above at 2.1023.
Currently, the pair is consolidating within the demand zones
, which represent the lower boundary
of the sideways movement. If trading maintains above these zones,
it is expected to rise again near the supply zones above.
Another scenario:
If the demand zones are broken and a full candlestick closes below them,
and the sideways movement is broken, it is expected to continue
to reach the next demand zones,
located at 2.0561.
From there, we expect the pair to rise again.