Technical analysis of AUD/USD 06/01/2023
AUD/USD currency pair on (1D) is in a downtrend.
At the moment the price is consolidating in the area of 0.6500.
The technical picture suggests a continuation of the decline as work out of the “Head and Shoulders” pattern with the target of 0.6270.
The signal to cancel the development of the decline will be the growth of quotes above the level of 0.6800 (MA100), (MA200), (the upper limit of the descending channel).
Created by Joshua Hayn