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AUD/USD Price Analysis: Bulls eye 0.6820 while riding dynamic support

  • AUD/USD bulls eye the price imbalance in the 0.6820s for the open.
  • A break of 0.6750, however, will open the risk of a deeper move to test bullish commitments at 0.6700. 

AUD/USD ended the week on the front foot with the price marching toward its strongest levels in three months. Risk appetite was elevated on Friday which could feed through for the open, tilting the bias to the upside as per the following analysis: 

AUD/USD daily chart

The price has carved out a bullish scenario and a break of 0.6800 could be on the cards for the opening sessions. 

AUD/USD H1 chart

The hourly chart sees the bulls on the front side of the bullish dynamic support. Eyes are on a price imbalance in the 0.6820s for the open. A break of 0.6750, however, will open the risk of a deeper move to test bullish commitments at 0.6700. 

Australia CFTC AUD NC Net Positions up to $-40.6K from previous $-44.6K

Australia CFTC AUD NC Net Positions up to $-40.6K from previous $-44.6K
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EUR/USD Price Analysis: Bulls eye a break of key 1.0550 area, eyes on 1.0600

As per the prior analysis, EUR/USD bulls have committed to the course and remain on the front side of the bullish dynamic trendline support as the fol
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