AUD/USD Pair: Will New Wave Of Price Decline In The Short Term?

Now The Price Of AUD/USD Pair Is Building Strength

The Australian dollar's growth amounted to 34 points on Wednesday, in today's Asian session, this growth has already been covered by a decline. The price transition above the resistance level of 0.6755 turned out to be false, respectively, the price is moving towards the 0.6685 target. Going under the level will open the 0.6640 target.

Exchange Rates 08.09.2022 analysis

The Marlin Oscillator has formed a descending wedge, the statistically predominant direction of exit from it is down. The initial conditions for the pound are decreasing.

Exchange Rates 08.09.2022 analysis

On a four-hour scale, the price is supported by convergence with the Marlin Oscillator. Another price jump up to the MACD line is possible. In this case, the predictive action of the level of 0.6755 will lose its value, it will move to the MACD line - a reversal from it and will mean a new wave of price decline in the short term (several days).

 

 

 

Relevance up to 04:00 2022-09-09 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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Now The Price Of AUD/USD Pair Is Building Strength

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