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).

AUDUSD_STPDaily

Created by Joshua Hayn

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