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27.11.202322:08 Forex Analysis & Reviews: AUD/USD: upside continuation

Exchange Rates 27.11.2023 analysis

AUD/USD Strong Buyers!

The AUD/USD pair resumed its growth and now is trading at 0.6608 at the time of writing. As you can see on the H1 chart, the rate tested and retested the uptrend line which represents a downside obstacle.

As long as it stays above the uptrend line, the price could approach and reach new highs. Technically, the former high of 0.6607 represents a static upside obstacle.

AUD/USD Trading Conclusion!

Jumping and stabilizing above 0.6607 activates further growth. This could represent a buying opportunity.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
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