AUD/USD Price Analysis: Stays depressed inside falling wedge as bears eye 0.7170
23.11.2021, 06:21

AUD/USD Price Analysis: Stays depressed inside falling wedge as bears eye 0.7170

  • AUD/USD flirts with seven-week low inside bullish chart formation.
  • Bearish MACD signals contrast nearly oversold RSI conditions to challenge bears around short-term support line.
  • 50-DMA, 100-DMA offer tough nut to crack for the bulls.

AUD/USD bounces off intraday low, also the lowest since October 01, heading into Tuesday’s European session. Even so, the Aussie pair prints a three-day downtrend around 0.7220 by the press time.

The quote’s latest rebound could be linked to the nearly oversold RSI conditions and a lower line of the 13-day-old falling wedge chart pattern.

It should be noted, however, that the quote’s sustained trading below an ascending support line from August, now resistance around 0.7265, keeps the AUD/USD bears hopeful of breaking the nearby support of 0.7205.

Following that, September’s low of 0.7169 may entertain the sellers before the likely corrective pullback considering the RSI conditions. Should the quote refrain from bouncing off 0.7169, the yearly low marked in August around 0.7105 will be in focus.

Meanwhile, 61.8% Fibonacci retracement level of August-October upside around 0.7280 precedes the stated wedge’s resistance line, near 0.7305, to restrict short-term advances of the AUD/USD prices.

In a case where the Aussie pair confirms the bullish chart pattern by crossing the 0.7305 hurdle, a convergence of the 100-DMA and the 50-DMA surrounding 0.7350-55 will be crucial to watch.

AUD/USD: Daily chart

Trend: Further downside expected

 

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik