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With the appearance of deviations between the price movements of the AUD/USD commodity currency pair which formed a Lower Low while the Stochastic Oscillator indicator on the contrary formed a Lower High which was also confirmed by the price movement of AUD/USD which has successfully broken and closed above the WMA (30 Shift 2) then as long as there is no further weakening that breaks and closes below the level of 0.6134 then AUD/USD has the potential to strengthen again where 0.6205 will be tested in the near future if this level is successfully broken and closes above it then AUD/USD will head to the level of 0.6244 and if the momentum of strengthening and volatility support then 0.6278 will be the next target to be aimed for.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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