Technical analysis:
AUD/USD has been trading downside I found breakout of the rising trend-line and upside channel, which is good sign for the further drop.
Due to the breakout of the rising channel and the short-term downside trend, I see potential for the further drop towards lower references,.
Downside objectives are set at the price of 0.6380 and 0.6360
RSI oscillator is showing shift in the condition to the downside, which is good sign for the further drop.
Key intraday resistance is set at the price of 0.6430
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
AUD/USD
has been trading downside
I found
breakout of the rising trend-line and upside channel,
which is good sign for the further drop.
Due
to the breakout of the rising channel and the short-term downside
trend, I see potential for the further drop towards lower
references,.
Downside
objectives
are set at the price of 0.6380
and 0.6360
RSI
oscillator is showing shift in the condition to the downside, which
is good sign for the further drop.
Key
intraday
resistance is set at the price of 0.6430
The material has been provided by InstaForex Company – www.instaforex.com
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