empty
 
 
04.12.2023 10:27 AM
AUD/USD Update for December 04, 2023 - Berish divergence on the oscillator

Technical analysis:

This image is no longer relevant

AUD/USD has been trading downside this morning and I found rejection of the previous swing high at 0.6680, which is good sign for the further downside movement.

Due to the rejection of the previous swing high and the bearish divergence on the RSI oscillator, I see potential for the further drop towards lower references.

Downside objectives are set at the price of 0.6570 and 0.6524

RSI oscillator is showing fresh bearish divergence in the background, which is sign for the downside rotation.

Key resistance is set at the price of 0.6680

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