Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Thursday May 25, 2023.
May 25, 2023 6:23 am
On the daily chart of AUD/USD commodity currency pairs seems there are two things:
1. Price which move in a channel that go downward.
2. Price movement which move below its MA 50.
So, based on two things above then it gives the confirmation that if in a few days ahead, AUD/USD commodity currency pairs has the potential to depreciated down up to the level area 0,6408-0,6373 as the main target and level of 0,6211 as the second target, however this scenario can be cancelled by itself because it will become invalid if AUD/USD corrected upwards to passed the level of 0,6709.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart of AUD/USD commodity currency pairs seems there are two things:
1. Price which move in a channel that go downward.
2. Price movement which move below its MA 50.
So, based on two things above then it gives the confirmation that if in a few days ahead, AUD/USD commodity currency pairs has the potential to depreciated down up to the level area 0,6408-0,6373 as the main target and level of 0,6211 as the second target, however this scenario can be cancelled by itself because it will become invalid if AUD/USD corrected upwards to passed the level of 0,6709.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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