FX.co ★ AUD/USD

AUDUSD Price Evaluation: We concentrate on analyzing the AUD/USD currency pair price evaluation in real time. The AUD/USD ratio is trending upward. I predict a price adjustment to 0.70331 at the start of the new trading week, followed by a fresh movement that raises the 90-day local price to 0.70631. The price may potentially consolidate over 0.70731. If this occurs, the price may revert to 0.69731, a goal for the next month rather than this week, and there may be a larger decline. Given the previous identical trend, this possibility looks plausible. A reversal may be indicated by a regular candle closing at 0.70331. For clarity, I have highlighted the signal potentials in bars in the second graph. The highest potential in relation to the daily buy signal, which happened at 0.68811, is shown by the gray bar. The potential of the weekly growth signal from 0.68691 is shown by the orange bar. Because the weekly signal level is somewhat lower than the daily signal level, there is a discrepancy in the goals. Our goal range is still 30 to 50 points away from the market. My assessment of the price activity remains optimistic. Sales are not encouraging, particularly after a little corrective wave that didn't surpass 50% of the first wave, so it seems feasible. The second wave was exactly 38.2% of the first wave. On the other hand, the wave growth should reach the level of 0.71181 at 138.2%. Given the length of the first wave, a long third wave is not expected.