The AUDUSD pair. Good mood to everyone! If you are interested in the linear regression channel on the 15-minute chart, you will see that buyers are showing pessimistic sentiments and expecting growth. Bears, on the other hand, continue to show confidence. The lower boundary of the channel at 0.64192 is broken by the quote at 0.64179. The level of 0.63738 may be reached if the assumptions are correct. At this level, buyers may create difficulties for sellers. There is a possibility to sell, and upon reaching the target, I will most likely consider closing the selling positions. I will reassess the market situation when the market reaches the level of 0.63738. I will observe the market reaction at this point to determine my further actions regarding entering the market. Based on the information provided by the indicator on the chart, the following conclusions can be drawn: on the hourly chart, the linear regression channel is directed upwards, indicating buyer activity. In this case, the H1 channel takes priority over M15. If the market reaches the lower part of the channel, the level of 0.63738, it will signal the presence of a strong buyer at that level. The M15 regression channel currently indicates a corrective movement, which usually follows bull activity. If the market holds at the level of 0.63738, it will be most reasonable to look for a buying entry point. The target in this case will be the level of 0.64453. However, it should be noted that the market situation may sharply change in favor of a bearish trend if there is an active seller at this level trying to change the current bullish trend.
