🦘AUD/USD Finally Declines
🦘The falls on AUD/USD that we have all been waiting for so long have finally arrived.
🦘The decline came from around the resistance zone.
🦘Determined by the 0.382 level of the entire 2021-2022 fall wave.
🦘This is where the strongest resistance is currently located.
🦘The price has not had the strength to continue its movement for several weeks now, as could be seen from the accumulation that was taking place.
🦘The key moment for the price decline was the FED's decision to raise interest rates by 50 basis points, which provoked investors to buy the dollar.
🦘We are currently at an interesting level, which in my opinion could hold the price for some time.
🦘But I see it ultimately at the support zone I have identified.
🦘This is based on a cluster of two fibo levels. The first 0.382 of the entire upward wave from the bottom. The second 0.236 of the 2021-2022 wave.
🦘Looking at the MACD and the RSI, it looks like the way is open for declines.
🦘Also, we have pierced the 50-period moving average.
🦘The scenario I'm playing out is a continuation of the declines to around the 0.66 level. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
🦘The falls on AUD/USD that we have all been waiting for so long have finally arrived.
🦘The decline came from around the resistance zone.
🦘Determined by the 0.382 level of the entire 2021-2022 fall wave.
🦘This is where the strongest resistance is currently located.
🦘The price has not had the strength to continue its movement for several weeks now, as could be seen from the accumulation that was taking place.
🦘The key moment for the price decline was the FED's decision to raise interest rates by 50 basis points, which provoked investors to buy the dollar.
🦘We are currently at an interesting level, which in my opinion could hold the price for some time.
🦘But I see it ultimately at the support zone I have identified.
🦘This is based on a cluster of two fibo levels. The first 0.382 of the entire upward wave from the bottom. The second 0.236 of the 2021-2022 wave.
🦘Looking at the MACD and the RSI, it looks like the way is open for declines.
🦘Also, we have pierced the 50-period moving average.
🦘The scenario I'm playing out is a continuation of the declines to around the 0.66 level. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
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💲 To keep up to date with all my activities I invite you to visit my Telegram 💲
💲 www.t.me/Investmatez 💲
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