Main Quotes Calendar Forum
flag

FX.co ★ AUD/USD Update for September 21, 2023 - Breakout of the rising channel

parent
Forex Analysis:::2023-09-21T08:22:34

AUD/USD Update for September 21, 2023 - Breakout of the rising channel

Technical analysis:

AUD/USD Update for September 21, 2023 - Breakout of the rising channel

AUD/USD has been trading downside I found breakout of the rising trend-line and upside channel, which is good sign for the further drop.

Due to the breakout of the rising channel and the short-term downside trend, I see potential for the further drop towards lower references,.

Downside objectives are set at the price of 0.6380 and 0.6360

RSI oscillator is showing shift in the condition to the downside, which is good sign for the further drop.

Key intraday resistance is set at the price of 0.6430

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...