The AUD/USD pair is trading around 0.6480 on Monday. Technical analysis on the daily chart suggests a bearish bias, with the 14-day Relative Strength Index (RSI) holding below the 50 level. The pair is also positioned below the nine-day Exponential Moving Average (EMA), signaling weakening short-term momentum.
On the downside, the AUD/USD pair could find the primary support at the two-month low of 0.6419, which was recorded on August 1. A break below this level could put downward pressure on the pair to test a three-month low at 0.6372, recorded on June 23.
The AUD/USD pair may target the initial barrier at the nine-day EMA of 0.6492, aligned with the 50-day EMA of 0.6495. A break above these levels could strengthen the short- and medium-term price momentum and support the pair to explore the region around the nine-month high at 0.6625.
Audusd signal buy
On the downside, the AUD/USD pair could find the primary support at the two-month low of 0.6419, which was recorded on August 1. A break below this level could put downward pressure on the pair to test a three-month low at 0.6372, recorded on June 23.
The AUD/USD pair may target the initial barrier at the nine-day EMA of 0.6492, aligned with the 50-day EMA of 0.6495. A break above these levels could strengthen the short- and medium-term price momentum and support the pair to explore the region around the nine-month high at 0.6625.
Audusd signal buy
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t.me/ProTrader_9
My Channel Link
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Check My Performance
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.