logo |

Forum

    Your location: Home >  Forum  >  Technical index  >  Content details
    United States
    Technical index AUD/USD PRICE CHART: DAILY TIME FRAME (DECEMBER 20

    Zooming in on a daily AUD/USD chart shows the Australian Dollar is already starting to edge lower with a bearish reaction to its upper Bollinger Band near the 0.6500 price level. Technical support, underpinned by the 61.8% Fibonacci retracement of its year-to-date trading range, may provide AUD/USD a degree of buoyancy. Although, Australian Dollar selling pressure could accelerate if spot AUD/USD price action invalidates its short-term bullish trend noted by the recent series of higher lows.

    Write your question...
    Please sign in first Sign up/in to comment
    0 Comments

    There is no comment yet. Make the first one.

    FXOEQome5695
    Participants

    Successfully published

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.