FX.co ★ Technical Analysis of Daily Price Movement of AUD/USD Commodity Currency Pairs, Wednesday January 11 2023.

On the 4-hour chart of the AUD/USD currency pair, you can see the corrective movement of the upward rally of the commodity currency pair being stuck in the weekly Resistance area (Weekly Bearish Orderblock) 0.6951 coupled with the appearance of deviations between price movements and the Awesome Oscillator indicator, so there is a high probability of AUD/USD The USD will depreciate down to the level of 0.6630 but if on its way to the target level AUD/USD suddenly reverses upwards and penetrates above the 0.6951 level then the downside scenario described earlier will become invalid and cancel itself.

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