FUND Sell 03.06.2024 09:06
AUD/USD: the pair is developing flat trading in the short term
The AUD/USD pair shows multidirectional dynamics, holding near 0.6650.
TECH Buy 31.05.2024 10:48
AUD/USD: correction may reach the trend line of 0.6569–0.6554
The AUD/USD pair reversed at the support level of 0.6600 and began to grow to 0.6703 after the publication of macroeconomic statistics.
TECH Sell 29.05.2024 08:32
AUD/USD: wave analysis
The price is in a correction and a fall is possible.
On the daily chart, the upward third wave of the higher level (3) forms, within which the wave 3 of (3) develops. Now, a downward correction has ended as the second wave of the lower level ii of 3, and the third wave iii of 3 has started, within which the wave (i) of iii has ended, and the local correction (ii) of iii is developing. If the assumption is correct, the AUD/USD pair will fall to the area of 0.6537–0.6497. In this scenario, critical stop loss level is 0.6712.
FUND Buy 28.05.2024 11:23
AUD/USD: Australian retail sales statistics supported the position of the trading instrument
The AUD/USD pair is correcting at 0.6668 with the support of macroeconomic statistics from Australia.