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AUD/USD Falls After Breaking Target Levels and Facing Resistance at MACD Line

AUD/USD Falls After Breaking Target Levels and Facing Resistance at MACD Line
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AUD/USD: On Friday, the Australian dollar surpassed the entire range of target levels at 1.6567-0.6628, reaching resistance at the MACD line on the daily chart. The price then retreated below the upper limit of the range and continued to fall this morning.

 

aud usd falls after breaking target levels and facing resistance at macd line grafika numer 1aud usd falls after breaking target levels and facing resistance at macd line grafika numer 1

 

AUD/USD: On Friday, the Australian dollar surpassed the entire range of target levels at 1.6567-0.6628, reaching resistance at the MACD line on the daily chart. The price then retreated below the upper limit of the range and continued to fall this morning.

 

aud usd falls after breaking target levels and facing resistance at macd line grafika numer 2aud usd falls after breaking target levels and facing resistance at macd line grafika numer 2

 

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There could be resistance from bulls in the upcoming medium-term decline, potentially leading to sideways movement. This is because the Reserve Bank of Australia will hold a monetary policy meeting on Tuesday, with the current rate of 3.85% expected to be maintained. To confirm the downtrend, the price needs to break below the support of the MACD line (0.6525), and the Marlin oscillator should enter the negative area.

 


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