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FX.co ★ Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday December 10, 2024.

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Forex Analysis:::2024-12-10T06:39:51

Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday December 10, 2024.

Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday December 10, 2024.

With the appearance of deviations between the price movement of AUD/USD and the Awesome Oscillator indicator and the penetration of the 0.6458 level, it gives an indication that there is a potential for a reversal in the 4-hour chart, even so before continuing to strengthen again, AUD/USD will experience a correction first where the 0.6399 level will be tested and as long as the weakening does not continue to break and close below the 0.6357 level, then AUD/USD has the potential to strengthen upwards where the 0.6474 level will be tested if this level is successfully broken and closed above it, then AUD/USD will continue to strengthen to the 0.6508 level and if the momentum and volatility support it, the 0.6555 level will be the next target to be targeted next.

(Disclaimer)

Analyst InstaForex
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