Aussie Flip or Burn? AUD/USD Commerce Ranges

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Aussie Flip or Burn? AUD/USD Commerce Ranges

The Australian Dollar has rallied greater than 3% in opposition to the US Dollar off the September lows with the advance now test


The Australian Dollar has rallied greater than 3% in opposition to the US Dollar off the September lows with the advance now testing main downtrend resistance forward of key occasion danger this week. These are the up to date targets and invalidation ranges that matter on the AUD/USD weekly chart. Review this week’s Strategy Webinar for an in-depth breakdown of this oil value setup and extra.

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Australian Greenback Worth Chart – AUD/USD Weekly

Australian Dollar Price Chart - AUD/USD Weekly - Aussie Trade Outlook - Technical Forecast

Chart Ready by Michael Boutros, Technical Strategist; AUD/USD on Tradingview

Notes: In my final Australian Dollar Weekly Price Outlook we famous that, “Aussie has been in a value vary because the August lows with the latest restoration now eyeing confluence resistance on the higher bounds.AUD/USD has continued to carry just under channel resistance with the FOMC rate of interest determination on faucet later at the moment and NFPs slated for Friday.

Key resistance stays on the 2016 low-week shut / September highs at 6855/95– a breach / shut above this threshold is required to validate the breakout concentrating on the 61.8% retracement of the July decline at 6927 and the March low at 7003. Weekly assist rests with the low-week shut at 6768- weak spot past this threshold would mark resumption of the broader downtrend concentrating on the yearly lows at 6677.

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