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Price Action

Thursday, November 16 2023
AUD/USD
03:08 pm (GMT +0200)
30 minutes Timeframe

AUDUSD is negotiating between 0.64605 and 0.65031.  A decisive violation of the support level at 0.64605 will most likely pave the way for the exchange rate to test the next support level at 0.64435.  

If AUDUSD fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
0.64435

direction
Target 2
0.64349

direction
Target 3
0.64179

direction
Target 4
0.63966

entry
Entry
0.64605
entry
Stop Loss
0.65031

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
AUD/USD
03:08 pm (GMT +0200)
30 minutes Timeframe

AUDUSD is negotiating between 0.64605 and 0.65031.  A decisive violation of the support level at 0.64605 will most likely pave the way for the exchange rate to test the next support level at 0.64435.  

If AUDUSD fails to withstand the bulls' pressure, the bearish scenario will be eliminated and we foresee that a bullish outlook will be in effect.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
0.64435

direction
Target 2
0.64349

direction
Target 3
0.64179

direction
Target 4
0.63966

entry
Entry
0.64605
entry
Stop Loss
0.65031

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction