InvestMate|AUD/USD Finally DeclinesðĶ
FX:AUDUSD
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ðĶAUD/USD Finally Declines
ðĶThe falls on AUD/USD that we have all been waiting for so long have finally arrived.
ðĶThe decline came from around the resistance zone.
ðĶDetermined by the 0.382 level of the entire 2021-2022 fall wave.
ðĶThis is where the strongest resistance is currently located.
ðĶThe price has not had the strength to continue its movement for several weeks now, as could be seen from the accumulation that was taking place.
ðĶThe key moment for the price decline was the FED's decision to raise interest rates by 50 basis points, which provoked investors to buy the dollar.
ðĶWe are currently at an interesting level, which in my opinion could hold the price for some time.
ðĶBut I see it ultimately at the support zone I have identified.
ðĶThis is based on a cluster of two fibo levels. The first 0.382 of the entire upward wave from the bottom. The second 0.236 of the 2021-2022 wave.
ðĶLooking at the MACD and the RSI, it looks like the way is open for declines.
ðĶAlso, we have pierced the 50-period moving average.
ðĶThe scenario I'm playing out is a continuation of the declines to around the 0.66 level. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
ðĶThe falls on AUD/USD that we have all been waiting for so long have finally arrived.
ðĶThe decline came from around the resistance zone.
ðĶDetermined by the 0.382 level of the entire 2021-2022 fall wave.
ðĶThis is where the strongest resistance is currently located.
ðĶThe price has not had the strength to continue its movement for several weeks now, as could be seen from the accumulation that was taking place.
ðĶThe key moment for the price decline was the FED's decision to raise interest rates by 50 basis points, which provoked investors to buy the dollar.
ðĶWe are currently at an interesting level, which in my opinion could hold the price for some time.
ðĶBut I see it ultimately at the support zone I have identified.
ðĶThis is based on a cluster of two fibo levels. The first 0.382 of the entire upward wave from the bottom. The second 0.236 of the 2021-2022 wave.
ðĶLooking at the MACD and the RSI, it looks like the way is open for declines.
ðĶAlso, we have pierced the 50-period moving average.
ðĶThe scenario I'm playing out is a continuation of the declines to around the 0.66 level. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
ðIf you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.ð
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ðē To keep up to date with all my activities I invite you to visit my Telegram ðē
ðē www.t.me/Investmatez ðē
ðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦðŦ