empty
24.11.2011 10:13 AM
AUD/USD Elliott wave count and Fibonacci levels for November 24, 2011

This image is no longer relevant

Overview

From the today's H4 chart, yesterday's closing below the resistance level of 172.75 gave the price an opportunity for a bearish move. As shown here, currently the price is trying to continue its bearish move by breaking the support level of 171.50 which is tested now. In that case, we may get another opportunity for more sell signals, and it opens the way towards 170.50 as first target, and then the price should test the support level of 169.75 to continue its bearish move. But as long as the price stabilizes above the support level of 171.50, it cancels the first scenario.

Resistance and support levels: R3 (173.00) R2 (172.75) R1 (172.00), S1 (171.50), S2 (170.50), S3 (169.75).

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Analysis on April 2, 2025

The wave pattern on the 4-hour EUR/USD chart is on the verge of transforming into a more complex structure. Since September 25 of last year, a new downward wave structure

Chin Zhao 20:25 2025-04-02 UTC+2

GBP/USD Analysis on April 2, 2025

The wave pattern for GBP/USD remains somewhat ambiguous, though generally manageable. Currently, there's still a strong likelihood of a long-term downward trend forming. Wave 5 has taken a convincing shape

Chin Zhao 20:23 2025-04-02 UTC+2

EUR/USD Analysis – April 1: EU Inflation Continues to Fall

The wave structure on the 4-hour EUR/USD chart risks evolving into a more complex formation. On September 25 of last year, a new bearish structure began to take shape, forming

Chin Zhao 20:05 2025-04-01 UTC+2

Analysis for GBP/USD on April 1, 2025

The wave structure for GBP/USD remains somewhat ambiguous but generally manageable. Currently, there is a high probability of a long-term bearish trend formation. Wave 5 has taken on a convincing

Chin Zhao 20:00 2025-04-01 UTC+2

EUR/USD Analysis – March 31st

The wave structure on the 4-hour EUR/USD chart is at risk of transforming into a more complex formation. On September 25 of last year, a new downward structure began forming

Chin Zhao 20:10 2025-03-31 UTC+2

GBP/USD Analysis – March 31: The Pound Takes a Break

The wave structure for GBP/USD remains somewhat ambiguous, though overall acceptable. Currently, there is still a high probability of a long-term downward trend formation. Wave 5 has taken a convincing

Chin Zhao 20:08 2025-03-31 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, #Ethereum, and #Litecoin as of March 31

In the coming days, a flat phase in the movement of the British pound is expected to come to an end. In the second half of the week, a reversal

Isabel Clark 11:43 2025-03-31 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, #Bitcoin, and #Ripple – March 31

In the coming days, a completion of the downward movement in the euro exchange rate is likely, potentially reaching the lower boundary of the calculated support zone. A reversal

Isabel Clark 11:12 2025-03-31 UTC+2

EUR/USD Analysis – March 28th

The wave structure on the 4-hour chart for EUR/USD threatens to evolve into a more complex formation. A new downward structure began forming on September 25, taking the shape

Chin Zhao 19:10 2025-03-28 UTC+2

GBP/USD Analysis – March 28th

The wave structure of the GBP/USD instrument remains somewhat ambiguous, but overall digestible. At this stage, there is a strong likelihood that a long-term downward trend segment is forming. Wave

Chin Zhao 19:07 2025-03-28 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.