However, the stated wedge’s top line, near 0.6760 by the press time, can challenge the Aussie pair’s immediate upside.
Even if the quote manages to cross the 0.6760 hurdle, the 200-SMA level of 0.6775 can challenge the AUD/USD bulls before giving them control.
On the flip side, a convergence of the 100-SMA and 50-SMA appears short-term strong support, around 0.6675 at the latest.
Following that, the stated wedge’s lower line and the resistance-turned-support can please the bears near 0.6660 and 0.6620.
It should be observed that the AUD/USD pair’s sustained break of 0.6660 would confirm the rising wedge bearish chart pattern suggesting the theoretical target of 0.6460.
Overall, AUD/USD is likely to remain firmer but the upside room appears limited
إخلاء المسؤولية: الآراء الواردة هنا تعبر فقط عن رأي الكاتب، ولا تمثل الموقف الرسمي لـ Followme. لا تتحمل Followme مسؤولية دقة أو اكتمال أو موثوقية المعلومات المُقدمة، ولا تتحمل مسؤولية أي إجراءات تُتخذ بناءً على المحتوى، ما لم يُنص على ذلك صراحةً كتابيًا.
اترك رسالتك الآن