FX.co ★ Technical Analysis of Daily Price Movement AUD/USD Commodity Currency Pairs, Wednesday August 30 2023.

From the daily chart of the AUD/USD commodity currency pair, you can see the appearance of a pattern of irregularities between price movements and the CCI Histogram indicator, especially after successfully sweeping liquidity at the level of 0.6461, AUD/USD has the opportunity to rally again up again to test the bearish Fair Value Gap area level (Pink). If this level is successfully broken then AUD/USD will continue its strengthening rally up to the level of 0.6718-0.6786 but if on its way to these target levels AUD/USD suddenly reverses downwards until it breaks below the 0.6405 level then all the strengthening rally scenario previously described will become invalid and automatically cancel.

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