- AUD/USD Price Analysis: Bears could be on the verge of a move below 0.71 the figure
Market news
21 tháng 12 2021
AUD/USD Price Analysis: Bears could be on the verge of a move below 0.71 the figure
- AUD/USD bears about to pounce, RBA minutes awaited.
- AUD/USD is treading on thin ice into the event.
The Reserve Bank of Australia's minutes are coming up and AUD/USD is trading water above 0.71 the figure. AUD/USD is on the verge of a downside correction as per the longer-term outlook as follows:
AUD/USD weekly chart
The weekly chart's recent lows are hanging over the abyss and the market could be on the verge of a significant downside extension.
AUD/USD daily chart
The current daily support will be targeted which opens the abyss.
AUD/USD 4-hour chart
A break of the support and retest as per the 4-hour chart could be the next path for the pair.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page