empty
 
 
25.05.2023 06:58 AM
Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Thursday May 25, 2023.

This image is no longer relevant

On the daily chart of AUD/USD commodity currency pairs seems there are two things:

1. Price which move in a channel that go downward.

2. Price movement which move below its MA 50.

So, based on two things above then it gives the confirmation that if in a few days ahead, AUD/USD commodity currency pairs has the potential to depreciated down up to the level area 0,6408-0,6373 as the main target and level of 0,6211 as the second target, however this scenario can be cancelled by itself because it will become invalid if AUD/USD corrected upwards to passed the level of 0,6709.

(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 $6000 more!
    In December we raffle $6000 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