As the DXY weaken on Friday, reversing the gains through the week, the AUDUSD bounced strongly from the support level of 0.6277.
In fact, the price rose very strongly to reach 0.6468, just below the 0.65 swing high level reached on 27th October.
The AUDUSD is likely to continue climbing toward the 0.6550 price level and slightly beyond, especially if the DXY continues to weaken.
However, with the anticipation that the DXY could strengthen later into the week, which could break about the reversal on the AUDUSD.
In fact, the price rose very strongly to reach 0.6468, just below the 0.65 swing high level reached on 27th October.
The AUDUSD is likely to continue climbing toward the 0.6550 price level and slightly beyond, especially if the DXY continues to weaken.
However, with the anticipation that the DXY could strengthen later into the week, which could break about the reversal on the AUDUSD.
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