Main Quotes Calendar Forum
flag

FX.co ★ Technical Analysis of Daily Price Movement AUD/USD Commodity Currency Pairs, Wednesday August 30 2023.

parent
Forex Analysis:::2023-08-30T04:46:51

Technical Analysis of Daily Price Movement AUD/USD Commodity Currency Pairs, Wednesday August 30 2023.

Technical Analysis of Daily Price Movement AUD/USD Commodity Currency Pairs, Wednesday August 30 2023.

From the daily chart of the AUD/USD commodity currency pair, you can see the appearance of a pattern of irregularities between price movements and the CCI Histogram indicator, especially after successfully sweeping liquidity at the level of 0.6461, AUD/USD has the opportunity to rally again up again to test the bearish Fair Value Gap area level (Pink). If this level is successfully broken then AUD/USD will continue its strengthening rally up to the level of 0.6718-0.6786 but if on its way to these target levels AUD/USD suddenly reverses downwards until it breaks below the 0.6405 level then all the strengthening rally scenario previously described will become invalid and automatically cancel.

(Disclaimer)

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...