The AUD/USD pair has officially broken below its medium-term ascending channel on the daily chart, signaling a strong shift in momentum. After failing to hold above the resistance zone at 0.6311 – 0.6386, the pair reversed sharply and is now trading around 0.6213.
🔍 Key technical highlights:
A confirmed breakout beneath the channel support, accompanied by strong bearish candles, suggests growing seller dominance.
Both the EMA 34 and EMA 89 are now positioned well above the current price, reinforcing a medium-term bearish trend.
A potential short-term pullback to the 0.6240 – 0.6266 area may occur before further downside continuation.
📉 Next downside target: If bearish momentum persists and price fails to reclaim the broken support, the pair is likely to slide toward the marked support at 0.59142.
💬 With the USD gaining strength amid hawkish Fed expectations and the AUD facing domestic economic headwinds, selling the rallies remains the favored strategy in the current environment.
🔍 Key technical highlights:
A confirmed breakout beneath the channel support, accompanied by strong bearish candles, suggests growing seller dominance.
Both the EMA 34 and EMA 89 are now positioned well above the current price, reinforcing a medium-term bearish trend.
A potential short-term pullback to the 0.6240 – 0.6266 area may occur before further downside continuation.
📉 Next downside target: If bearish momentum persists and price fails to reclaim the broken support, the pair is likely to slide toward the marked support at 0.59142.
💬 With the USD gaining strength amid hawkish Fed expectations and the AUD facing domestic economic headwinds, selling the rallies remains the favored strategy in the current environment.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.