empty
 
 

Forex Analysis & Reviews: Forecast for AUD/USD on December 2, 2022
time 02.12.2022 05:37 AM
time Relevance up to, 03.12.2022 05:18 AM

The Australian dollar rose above the 0.6799 level yesterday, the November 15 peak. Target levels have been changed. Now the price is building strength to advance to 0.6917, the September 13 peak.

This image is no longer relevant

Oil gained 1.13% yesterday, gold gained 1.92% and the dollar index fell 1.25%, but the aussie added a modest 0.45%. Rumor has it that the Reserve Bank of Australia will only raise rates by 0.25% at their next meeting (December 6). All these incoming data suggest that the bullish correction which started back on October 13 is coming to an end.

A divergence with a new, flatter angle is forming on the daily chart. To complete it, it will be convenient if the price reaches the nearest target level of 0.6917. But if the price settles below 0.6799, a double weak divergence will be formed, and it is almost done.

This image is no longer relevant

On the 4-hour chart, the price divergence with the oscillator is almost ready. But with important U.S. jobs data coming out today, market participants will wait a bit with the early development of technical reversal signs. We wait for the data and progress on this issue. Target levels are marked on the charts.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2023
AUDUSD
Australian vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

EUR/USD edges higher ahead of NFPs

The EUR/USD pair rallied in the last hours and is now trading at 1.0926 at the time of writing. The price crashed in the short term as the Dollar Index

Ralph Shedler 13:14 2023-02-03 UTC+2

Trading Signal for Gold (XAU/USD) for February 3-6, 2023: sell in case of pullback at $1,927 (21 SMA - 7/8 Murray)

Early in an American session, gold is trading around 1,909.77. We can see on the 4-hour chart that it is trading below the 21 SMA (1,925) and below the 7/8

Dimitrios Zappas 12:39 2023-02-03 UTC+2

Forecast for EUR/USD on February 3, 2023

On Thursday, the EUR/USD pair reversed in favor of the US dollar and started a strong decline toward the corrective level of 200.0% (1.0869). The EU currency will benefit from

Samir Klishi 12:18 2023-02-03 UTC+2

Forecast for GBP/USD on February 3, 2023

The GBP/USD pair reversed in favor of the US dollar on Thursday, anchoring first at the level of 1.2342 and then at 1.2238, as shown on the hourly chart

Samir Klishi 11:58 2023-02-03 UTC+2

AUDUSD, H4 Bullish continuation setup

Today we take a look at AUDUSD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups

Dean Leo 11:37 2023-02-03 UTC+2

Video market update for February 03, 2023

Watch for buying opportunities on the EUR/USD

Petar Jacimovic 09:54 2023-02-03 UTC+2

Analysis of Gold for February 03,.2023 - Potential for the breakout of the trading range

Technical analysis: Gold has been trading inside of the intraday trading range, which is sign the indecision and I see potential for the breakout mode. Trading recommendation

Petar Jacimovic 09:47 2023-02-03 UTC+2

EUR/USD and GBP/USD technical analysis on February 3, 2023

EUR/USD Higher time frames Yesterday's bullish run was stopped by counter activity from the sellers. As a result, the pair returned below the key levels of 1.0930-43 and prepared

Evangelos Poulakis 09:44 2023-02-03 UTC+2

EUR/USD analysis for February 03, 2023 - Potential for the upside movement

Technical analysis: EUR/USD has been downside overnight and the key support zone at the price of 1.0885 is on the test. I see potential for the further growth. Trading recommendation

Petar Jacimovic 09:41 2023-02-03 UTC+2

Technical Analysis of GBP/USD for February 3, 2023

Technical Market Outlook: The GBP/USD pair bounce was capped at 1.2447 and after the Bank of England hiked the interest rate yesterday, the bears broke through the technical support located

Sebastian Seliga 09:16 2023-02-03 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.