The Australian Dollar is already down greater than 1% in opposition to US Dollar for the reason that begin of the week with Aussi
The Australian Dollar is already down greater than 1% in opposition to US Dollar for the reason that begin of the week with Aussie falling for the second consecutive week after turning from a pivotal resistance zone into the beginning of the 12 months. Whereas additional losses are probably, we’re searching for exhaustion on this decline IF the broader October advance is to stay viable. These are the up to date targets and invalidation ranges that matter on the AUD/USD weekly chart. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Aussie value setup and extra.
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Australian Greenback Worth Chart – AUD/USD Weekly
Chart Ready by Michael Boutros, Technical Strategist; AUD/USD on Tradingview
Notes: In my final Australian Dollar Weekly Price Outlook we famous, “topside targets eyed at 7013 and the 2019 goal yearly open / 61.8% retracement at 7042/59(important).” Worth registered a excessive at 7032 final week earlier than posting a weekly-reversal to snap a four-week successful streak. The transfer leaves the near-term…