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FX.co ★ Technical Analysis of Intraday Price Movement of EUR/AUD Cross Currency Pairs,Thursday November 23, 2023.

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Forex Analysis:::2023-11-23T06:00:28

Technical Analysis of Intraday Price Movement of EUR/AUD Cross Currency Pairs,Thursday November 23, 2023.

Technical Analysis of Intraday Price Movement of EUR/AUD Cross Currency Pairs,Thursday November 23, 2023.

On the 4 hour chart, EUR/AUD cross currency pairs seems restrained with a few Resistance above, as well as the price movement which is below WMA 30 that has the downward slope where all of these indicates that the Seller dominates EUR/AUD on the 4 hour chart, as well as with the confirmation from Awesome Oscillator indicator which is below the 0 level, further strengthening that in a few moments ahead EUR/USD has the potential to weaken to the level 1,6592 and if the momentum as well as the volatility strong enough and supporting, then it is not impossible that EUR/AUD will continue its downward up to the level 1,6473, but all of the downward scenario will be cancel itself if in the way to the level targets suddenly reverse upwards until breaks above 1,6798.

(Disclaimer)

Analyst InstaForex
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