Hello dear readers!
Over the past month, the AUD/USD exchange rate has been moving sideways near the 0.6400 level in a downward trend. The main support zone has formed around 0.6350. Breaking below this level could lead to a new weakness in this pair. On the daily chart, the Australian dollar is showing slight positive signs as it is slightly higher than both the 34-day exponential moving average (EMA) and the 89-day EMA. To improve short-term prospects for the Australian dollar, this currency pair needs to consolidate above the 0.6500 level.
Support levels: 0.6410, 0.6390, and 0.6355
Resistance levels: 0.6445, 0.6475 ,and 0.6505
Over the past month, the AUD/USD exchange rate has been moving sideways near the 0.6400 level in a downward trend. The main support zone has formed around 0.6350. Breaking below this level could lead to a new weakness in this pair. On the daily chart, the Australian dollar is showing slight positive signs as it is slightly higher than both the 34-day exponential moving average (EMA) and the 89-day EMA. To improve short-term prospects for the Australian dollar, this currency pair needs to consolidate above the 0.6500 level.
Support levels: 0.6410, 0.6390, and 0.6355
Resistance levels: 0.6445, 0.6475 ,and 0.6505
Note
good luck everyone <3
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.