AUD/USD Price Analysis: Battles previous support around 0.7150 on oversold RSI
29.11.2021, 02:16

AUD/USD Price Analysis: Battles previous support around 0.7150 on oversold RSI

  • AUD/USD prints mild gains, pokes intraday top to consolidate Friday’s losses.
  • September’s low, monthly resistance line also challenges recovery moves.
  • 0.7000-6990 appears a tough nut to crack for the bears.

AUD/USD challenges intraday high around 0.7145, up 0.10% on a day during early Monday. In doing so, the Aussie pair keeps late Friday’s bounce off a three-month low to challenge the yearly support-turned-resistance.

Given the oversold RSI conditions, the latest corrective pullback is likely to cross the 0.7150 immediate hurdle. However, September’s low and a descending trend line from November 02, around 0.7170 and 0.7230 respectively, will challenge the recovery moves.

Even if the AUD/USD bulls manage to cross the 0.7230 hurdle, July’s low and the mid-November’s swing high, close to 0.7290 and 0.7370 in that, will act as additional filters to the north for them to overcome.

Alternatively, the yearly low of 0.7105 remains in the spotlight during the fresh declines.

That said, the 38.2% Fibonacci retracement (Fibo.) of March 2020 to February 2021 run-up around 0.7050 and a horizontal area comprising multiple levels marked between June and November 2020, near 0.7000-6990, will be the key levels to follow the fall past-0.7105.

Overall, AUD/USD bears remain in the driver’s seat but the further downside has bumpy road.

AUD/USD: Daily chart

Trend: Further weakness 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