DAILY FOREX MARKET BRIEFING
DAILY FOREX MARKET BRIEFING
November 24/2021
The Aussie dip against the greenback as poor economic releases flashes from the kiwi zone. With less focus on fundamental analysis, the technical analysis of AUDUSD has much to say concerning the bearish price action of the currency.
From a candlestick price action outlook on the AUDUSD Chart. Market speculators will see that the overall trend direction of AUDUSD is holding the firm to a bearish trading bias. While a cognizant observation on the daily chart the overall trend direction of the asset exist along the line of weak bearish market sentiment.
Indicator analysis of AUDUSD pair
The RSI value approaches the oversold region as the recent value of the RSI when writing this analysis was 31. And it could serve as a scope to bring change to the trend direction of the currency pair.
Trading recommendation market participants should be expecting a short term bullish retracement to ward off the previous losses that are encountered in the market
November 24/2021
The Aussie dip against the greenback as poor economic releases flashes from the kiwi zone. With less focus on fundamental analysis, the technical analysis of AUDUSD has much to say concerning the bearish price action of the currency.
From a candlestick price action outlook on the AUDUSD Chart. Market speculators will see that the overall trend direction of AUDUSD is holding the firm to a bearish trading bias. While a cognizant observation on the daily chart the overall trend direction of the asset exist along the line of weak bearish market sentiment.
Indicator analysis of AUDUSD pair
The RSI value approaches the oversold region as the recent value of the RSI when writing this analysis was 31. And it could serve as a scope to bring change to the trend direction of the currency pair.
Trading recommendation market participants should be expecting a short term bullish retracement to ward off the previous losses that are encountered in the market
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