empty
 
 

30.11.202119:23 Forex Analysis & Reviews: AUD/USD drops as expected

Exchange Rates 30.11.2021 analysis

AUD/USD Massive Drop!

The AUD/USD pair is dropping like a rock after failing to stay above 0.7102 former low and above the 0.7100 psychological level. As you already know from my analysis, the selling pressure was high as long as it stays under the downtrend line. I've told you in my previous analysis that the pair could extend its sell-off as long as it's trading below the downtrend line which represents a dynamic upside obstacle (resistance).

Its failure to approach and retest the downtrend line signaled that the sellers are in full control. Dropping below 0.7102 signaled a potential deeper drop.

AUD/USD Trading Conclusion!

The current aggressive drop below 0.7102 could activate a larger downside movement. In the short term, it could try to rebound, maybe it will come back to retest the 0.7102 before dropping deeper. The breakdown could be seen also as a selling opportunity.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Ralph Shedler,
Esperto analista di InstaForex
© 2007-2022
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.