AUD/USD Forecast Nov. 30-Dec. 4 – Aussie SurgesTo 3-Month High

  • All times are GMT

AUD/USD Technical Analysis

Technical lines from top to bottom:

We start with resistance at the round number of 0.7700.

0.7595 is next.

0.7421 is an important monthly resistance line.

0.7332 is next.

0.7242 (mentioned last week) remains a weak support level.

0.7105 is next.

0.7008 is protecting the symbolic 0.7000 level. It is the final support level for now.

I am bullish on AUD/USD

The US dollar remains on the defensive, and the pro-cyclical commodity currencies have taken full advantage. The Aussie could continue its rally this week, unless the RBA sounds dovish and rains on the party.

1 2
View single page >> |

Disclaimer: Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.