Technical analysis of AUD/USD 11/08/2024

The AUD/USD currency pair is in an upward correction on (1D).

The pair reached resistance at 0.6680 (38.2% Fibo), (MA100) and is currently trading in the area of 0.6630 (MA200).

If the pair manages to break through and consolidate above the area of 0.6680, this will mean the development of an upward correction with the next target at 0.6730 (50% Fibo).

The support level is in the area of 0.6500 (MA100).

Created by Joshua Hayn

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