- Analytics
- News and Tools
- Market News
- AUD/USD Price Analysis: Bulls pressured but eye a break of 0.6820s
AUD/USD Price Analysis: Bulls pressured but eye a break of 0.6820s
- AUD/USD is still on the front side of the bear move.
- Bulls need to get above the 0.6820s which will open risk to 0.6850 prior support.
AUD/USD Price Analysis: Bears are in control testing bull's commitments at last week's lows, the bears moved in with 0.6750 eyed while last month's lows remain a downside target on the way to a test of 0.6700. The following illustrates the market structure and the prospects of a move lower while on the front side of the trend:
AUD/USD prior analysis
AUD/USD update
AUD/USD is still on the front side of the move and until the bulls can get through the trendline resistance, the bias remains to the downside with last month's lows in sight. However, a move above the 0.6820s opens risk to 0.6850 prior support and a deeper move into the Fibonacci scale:
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
