FX.co ★ Technical Analysis of Daily Price Movement of AUD/USD Commodity Currency Pairs, Thursday January 19 202

On the daily chart for the AUD/USD commodity pair, two interesting things can be seen:

1. The appearence of Ascending Broadening Wedge pattern.

2.The deviation between price movement with Awesome Oscillator indicator.

Based on the two things above, in the next few days AUD/USD has the potential to depreciate to the level of the area of 0.6750-0.6684 unless on its way to the level of that area AUD/USD suddenly reverses upwards and penetrates the level of 0.7127, then the downside scenario that has been described it will cancel by itself.

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