Technical Analysis of Weekly Price Movement of AUD/USD Commodity Currency Pairs, Monday August 14 2023.
August 14, 2023 6:23 am
On the weekly chart for the AUD/USD commodity currency pair, it can be seen that this currency pair is trying to break down the support level 0.6461 where as long as there is no upward corrective movement that exceeds the 0.6900 level then the opportunity to break below the support level is still open and if it is broken then AUD /USD has the potential to continue weakening to the level of 0.6171.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the weekly chart for the AUD/USD commodity currency pair, it can be seen that this currency pair is trying to break down the support level 0.6461 where as long as there is no upward corrective movement that exceeds the 0.6900 level then the opportunity to break below the support level is still open and if it is broken then AUD /USD has the potential to continue weakening to the level of 0.6171.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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