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AUD/USD: Technical Analysis | November 20, 2020




AUD/USD: Technical Analysis | November 20, 2020

  • Update Time : Friday, November 20, 2020
  • 16 Time View
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AUD/USD: Technical Analysis | November 26, 2020
AUD/USD: Technical Analysis | November 26, 2020

MarketDeal24.Com – After falling from 0.73, the AUD/USD pair fell to ABCD support 0.7263 (black arrows) in a four hour time frame. If buyers enter the market today and move above 0.73, the next target will be Quasimodo Resistance 0.7342, followed by the September opening level of 0.7376.

The AUD / USD pair continued to gain in the weekly time frame from the opening level of 2020 (0.7016) and the opening level of 2019 (0.7042). With the market trending upwards since early 2020, buyers may still look at resistance 0.7379, followed by resistance 0.7495.

Price in the daily time frame tested at Support 0.7235 last week is likely to create additional upside conditions. For This, buyers could target the resistance at 0.7393.

Important Things To Consider:

  • Traders who long from four-hour ABCD support 0.7263 are in a good position at the moment and could rise above 0.73 and target Quasimodo resistance at 0.7342.
  • We should be aware of the four-hour support 0.72, 0.7209 and 0.7222 levels as sellers may enter the market from 0.73.

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