empty
 
 
12.08.2024 07:07 AM
Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Monday August 12, 2024.

This image is no longer relevant

With the appearance of deviations between the price movement of the AUD/USD currency pair and the Stochastic Oscillator indicator, it gives an indication that in the near future AUD/USD has the potential to weaken, especially with the addition of confirmation of the appearance of the Rising Wedge pattern, which further strengthens the potential for weakening that will occur where as long as there is no strengthening that penetrates above the level of 0.6608, AUD/USD will try to test and breaks below the level of 0.6500. If this level is successfully broken below, the level of 0.6475 will be the next target to be aimed for.

(Disclaimer)

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
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback