2024-12-23 18:29
IndustryAUD/USD: The decline will continue
The AUD/USD looks to be trending upward in the short term, but if it continues to fall below the support level of 0.6230, it may increase the downside momentum, and the next target is expected to be 0.6150. And the stochastic index has clearly lost its upward momentum and should continue to decline in the next few trading days.
However, if the AUD/USD breaks above 0.6270, it is possible that there will be a period of intraday gains, then a decline, and a reentry into the downtrend after testing resistance at 0.6390.
Today I expect AUD/USD to trade between 0.62 and 0.63.
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AUD/USD: The decline will continue
Hong Kong | 2024-12-23 18:29The AUD/USD looks to be trending upward in the short term, but if it continues to fall below the support level of 0.6230, it may increase the downside momentum, and the next target is expected to be 0.6150. And the stochastic index has clearly lost its upward momentum and should continue to decline in the next few trading days.
However, if the AUD/USD breaks above 0.6270, it is possible that there will be a period of intraday gains, then a decline, and a reentry into the downtrend after testing resistance at 0.6390.
Today I expect AUD/USD to trade between 0.62 and 0.63.
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