Technical analysis of AUD/USD 01/10/2023

The AUD/USD currency pair on (1D) managed to gain a foothold above 0.6900 (50% Fibo).

The pair broke through the upper limit of the descending channel (MA200) and found resistance at 0.6950.

The technical picture suggests the development of an upward correction with a target in the area of 0.7060 (61.8% Fibo).

Support is the level zone 0.6900.


Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
5.0 out of 5 based on 1 rating

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>