empty
 
 
09.07.2024 06:27 AM
Technical Analysis of Intraday Price Movement of AUD/USD Commodity Currency Pairs, Tuesday July 09, 2024.

This image is no longer relevant

If we look at the 4-hour chart of the AUD.USD commodity currency pair, we can see a deviation between the AUD/USD price movement which forms a Higher High while the MACD Histogram forms a Higher Low plus the Short GMMA (blue EMA) which represents Traders has started to intersect even though it hasn't yet. completely intersect but based on these facts, in the near future AUD/USD has the potential to be corrected weakening where the Count Back Line (CBL) level @ 0.6721 will try to be tested in the near future. If this level is successfully broken, then AUD/USD can be sure to continue the correction the weakening will reach the level of 0.6690, but all of these weakening scenarios will become invalid and cancel themselves if during the correction the weakening suddenly returns to its original bias (strengthening) where AUD/USD manages to broken above the level of 0.6764.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $3000 more!
    In September we raffle $3000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback