FX.co ★ Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Monday, October 16 2023.

If we look at the 4-hour chart, the AUD/USD commodity currency pair appears to be forming a Double Bottom pattern, but the Stochastic Oscillator indicator makes a deviation, so based on this, in the near future, as long as there is no weakening that passes below the 0.6289 level, AUD/USD has the potential to rally upwards. up to the level of 0.6432 as the main target and 0.6495 as the next target to be aimed at.

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