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FX.co ★ Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday January 23, 2024.

Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday January 23, 2024.

Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday January 23, 2024.

On the 4-hour chart, the AUD/USD currency pair can be seen that the price movement of this commodity currency pair has succeeded in moving above WMA 30 shift 2, especially coupled with the confirmation of the MACD indicator which has succeeded in the Golden Cross in the Speculative BUY area, so it seems that AUD/USD will be in the near future has the opportunity to penetrate above the 0.6628 level. If this level is successfully breaks above, the 0.6661 level will be the main target to be aimed at and the 0.6731 level will be the next target if the momentum and volatility are supportive, but all of these strengthening scenarios will automatically cancel if they are on their way to the targets. This target level suddenly experiences a significant weakening correction, especially if it penetrates below the 0.6546 level.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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