empty
 
 
05.10.2023 06:44 AM
Technical Analysis of Daily Price Movement of AUD/USD Commodity Currency Pairs, Thursday October 05, 2023

This image is no longer relevant

If we look at the daily chart of AUD/USD commodity currency pairs, there is the Seller who seems dominates this commodity currency pairs, where this thing confirmed by the price position below the Kumo, Tenkan Sen which below the Kijun Sen (Death Cross) and Chikou Span below the Kumo and below the price. However, with the Chikou Span slope which dives upwards gives the clue that if on a few days ahead, AUD/USD has the potential to corrected above but as long as the upward correction doesn't break above the level 0,6495, then AUD/USD still has the potential to continue its weakness up to the level 0,6289 as the initial target and 0,6197 as the next target.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback