AUDUSD SELL CONFIRM SIGNAL
AUD/USD (Australian Dollar - US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair.
AUD/USD managed to regain balance and leave behind two daily pullbacks in a row on the back of the renewed selling pressure in the Greenback and the generalized upbeat tone in the commodity galaxy.
If the AUD/USD breaks through the March peak of 0.6667 (March 8), a challenge to the December 2023 high of 0.6871 (December 28) may be on the horizon, followed by monthly tops of 0.6894 (July 14) and 0.6899 (June 16), all before the important 0.7000 barrier.
On the 4-hour chart, the door now seems open to the resurgence of the upside momentum. Against that, there is immediate hurdle at 0.6667, ahead of 0.6728 and 0.6871. On the other hand, further losses might put the pair on track to retest the 200-SMA at 0.6543, then 06477, and finally 0.6442. Furthermore, the MACD remains in the positive zone, and the RSI has climbed above 62. confirm signal
AUD/USD managed to regain balance and leave behind two daily pullbacks in a row on the back of the renewed selling pressure in the Greenback and the generalized upbeat tone in the commodity galaxy.
If the AUD/USD breaks through the March peak of 0.6667 (March 8), a challenge to the December 2023 high of 0.6871 (December 28) may be on the horizon, followed by monthly tops of 0.6894 (July 14) and 0.6899 (June 16), all before the important 0.7000 barrier.
On the 4-hour chart, the door now seems open to the resurgence of the upside momentum. Against that, there is immediate hurdle at 0.6667, ahead of 0.6728 and 0.6871. On the other hand, further losses might put the pair on track to retest the 200-SMA at 0.6543, then 06477, and finally 0.6442. Furthermore, the MACD remains in the positive zone, and the RSI has climbed above 62. confirm signal
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