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26.11.202405:00 Forex Analysis & Reviews: Forecast for AUD/USD on November 26, 2024

Relevance up to 21:00 2024-11-26 UTC--5

This morning, the Australian dollar broke significantly below the support level of 0.6482, aiming for 0.6410 and potentially 0.6351 (the low from August 5).

Exchange Rates 26.11.2024 analysis

If the excitement surrounding Trump's tariff policies escalates, the price may continue its downward movement. However, we anticipate a correction of at least 0.6570 (close to the 23.6% Fibonacci level) or 0.6640 (38.2% Fibonacci level).

Exchange Rates 26.11.2024 analysis

In the four-hour timeframe, the price quickly fell back below the balance and MACD lines after yesterday's false breakout above them. The Marlin Oscillator is declining within the territory of a downward trend. The support at 0.6410 will likely be tested, ultimately leading to a double divergence on the daily chart.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
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