FX.co ★ Technical Analysis of Intraday Price Movements of Commodity Currency Pairs, AUD/USD Tuesday, November 22,2022.

With the movement inside the Bullish Pitchfork channel on the 4 hour chart as well as the appearance of Falling Wedge pattern, then the AUD/USD commodity currency pair has a potential to continue its rally in the near future to move up and try to break above the level 0,6701. If this level successfully break above then the next level to test is 0,6799. Nevertheless, please note that if there is a downward correction if it manages to break below the 0.6475 level, it is certain that the potential for bulls from AUD/USD in the 4-hour chat will be hampered.

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