FX.co - AUD/USD Update for December 11, 2023 - Key support zone on the test

2023-12-11T09:07:38

Relevance until2023-12-12

Technical analysis:

AUD/USD Update for December 11, 2023 - Key support zone on the test

AUD/USDD has been trading downside this morning but ther is the key support zone from 0.6540-0.6425 on the test.

In case of the rejection of the support zone, there is the chance for the rally towards upside reference at 0.6615

In case of the downside breakout of the support zone, I see potential for the further drop towards 0.6455

RSI oscillator is showing reading around 40 level but with no clear trend condition.

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

Analytical expert

Petar Jacimovic

FX.co ★ AUD/USD Update for December 11, 2023 - Key support zone on the test