empty
 
 
11.06.2021 10:07 AM
AUD/USD More Upside In View

AUD/USD is trading in the green at the 0.7770 level and it could approach and reach new highs if the US Dollar Index drops further. The Dollar Index is located in the negative territory so a further drop is imminent.

Still, we cannot exclude a minor rebound registered by the DXY (USDX) after yesterday's sell-off. The US buyers have reacted badly to the US inflation growth. AUD/USD was into a temporary correction which has alreadyended, so more gains are favored.

AUD/USD Grows as DXY Drops

This image is no longer relevant

AUD/USD has found strong support below the major descending pitchfork's median line (ML) and right on the minor pitchfork's median line. It escaped from the minor pitchfork's body and from the triangle pattern.

It retested the weekly pivot point (0.7719) registering only a false breakdown with great separation, so an increase towards the R1 (0.7792) is favored.

Outlook!

Yesterday's false breakdown with great separation below the weekly pivot point of 0.7719 represented a bullish signal.

Ralph Shedler,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Ralph Shedler
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback