If the strength of the U.S. Dollar continues then this level would be hard to breach and price may continue falling below 0.70.
Currently, support rests at 0.7138, while resistance is last high of 0.7282.
Chart: AUDUSD D1
Monday, November 30, 2015
AUDUSD Yet To Be Decided
The faith of the AUDUSD pair is yet to be decided as it reached a heavy milestone by hitting near 0.73 and then returning back into the downward trend started on September 4. The pair reached as high as 0.7282 on November 25 and is currently trading at 0.72.
If the strength of the U.S. Dollar continues then this level would be hard to breach and price may continue falling below 0.70.
Currently, support rests at 0.7138, while resistance is last high of 0.7282.
Chart: AUDUSD D1
If the strength of the U.S. Dollar continues then this level would be hard to breach and price may continue falling below 0.70.
Currently, support rests at 0.7138, while resistance is last high of 0.7282.
Chart: AUDUSD D1
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A prolonged decline!
ReplyDeleteRange continues for now.
ReplyDeleteVery accurate analysis!
ReplyDeleteThe pair is still ranging.
ReplyDeleteStill consolidating.
ReplyDeleteExcellent analysis,thank you.
ReplyDeleteGreat analysis. thanks for sharing.
ReplyDelete