AUDUSD can stay in sidelines?
- AUDUSD settle at 63.68 to 64.90 ? - technical indicators reflecting well defined side lines structure going into Q4 2023.
- RSI swings calming down but trending toward lower (stay between RSI 20 to RSI 40)
- Moving avgs falling but slowing down to converge
- zoom out - .6340 has been a strong support for many extremes trends in 2007/2008/2013 etc
- if it break .6340 (support to watch - .6294 / .62400 / .6200 / .6194)
- chances to going back above .66 is very slim [given USD strength will stay thru end of the year]
- RSI swings calming down but trending toward lower (stay between RSI 20 to RSI 40)
- Moving avgs falling but slowing down to converge
- zoom out - .6340 has been a strong support for many extremes trends in 2007/2008/2013 etc
- if it break .6340 (support to watch - .6294 / .62400 / .6200 / .6194)
- chances to going back above .66 is very slim [given USD strength will stay thru end of the year]
Penafian
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