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AUD/USD: Technical Analysis | 5th November, 2020

AUD/USD: Technical Analysis | 5th November, 2020

  • Update Time : Thursday, November 5, 2020
  • 64 Time View
AUD/USD: Technical Analysis | November 27, 2020
AUD/USD: Technical Analysis | November 27, 2020

MarketDeal24.Com – The opening time level of 2020’s 0.7016 and the opening level of 2017’s 0.7042 are still working as support in the weekly time frame, but this support level may break at any time as a result of last week’s 100 pips depreciation. Resistance 0.7379 will act as an upward target in this week. It should be kept in mind that the market is still upward.

Weekly support as well as daily time frame support 0.7017 was observed. This week’s price response is attracting resistance at 0.7235. If the price increases, the price may go to resistance 0.7393.

The price rose on Thursday after the four-hour support broke the 0.7068. Which is above 0.71, which includes the October opening levels of 0.72 and 0.7169.

Important Things To Consider:

  • Today the market will be looking at 0.72 and Quasimodo resistance 0.7209 , followed by daily resistance 0.7235 . Since we are on weekly support, we may not see this as a bearish situation.

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