Let's delve into today's market!
During the recent trading session, Audusd moved around the range of 0.6429.
Taking a technical perspective, let's examine the D1 chart. We observe that this currency pair has been affected by a peak formation, leading to a subsequent decline. At present, it is moving in a sideways manner within a particular range. Should this currency pair break out of its current position, there is a likelihood of slight upward movement followed by further price depreciation towards the predetermined level.
During the recent trading session, Audusd moved around the range of 0.6429.
Taking a technical perspective, let's examine the D1 chart. We observe that this currency pair has been affected by a peak formation, leading to a subsequent decline. At present, it is moving in a sideways manner within a particular range. Should this currency pair break out of its current position, there is a likelihood of slight upward movement followed by further price depreciation towards the predetermined level.
Comment:
good luck everyone
Comment:
What do you think about this pair?
Comment:
Despite China's mostly positive business PMI, it seems the news failed to spark any inspiration for the pair. Furthermore, soaring US Treasury yields coupled with mixed sentiment are putting downward pressure on the Australian dollar while China celebrates its holiday.
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