Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Monday, October 16 2023.
October 16, 2023 8:24 am
If we look at the 4-hour chart, the AUD/USD commodity currency pair appears to be forming a Double Bottom pattern, but the Stochastic Oscillator indicator makes a deviation, so based on this, in the near future, as long as there is no weakening that passes below the 0.6289 level, AUD/USD has the potential to rally upwards. up to the level of 0.6432 as the main target and 0.6495 as the next target to be aimed at.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the 4-hour chart, the AUD/USD commodity currency pair appears to be forming a Double Bottom pattern, but the Stochastic Oscillator indicator makes a deviation, so based on this, in the near future, as long as there is no weakening that passes below the 0.6289 level, AUD/USD has the potential to rally upwards. up to the level of 0.6432 as the main target and 0.6495 as the next target to be aimed at.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: