{"id":28548,"date":"2023-10-14T15:18:27","date_gmt":"2023-10-14T18:18:27","guid":{"rendered":"https:\/\/tiproject.online\/index.php\/2023\/10\/14\/aud-usd-weekly-forecast-australian-dollar-gives-up-early-gains-for-the-week-2\/"},"modified":"2023-10-14T15:18:27","modified_gmt":"2023-10-14T18:18:27","slug":"aud-usd-weekly-forecast-australian-dollar-gives-up-early-gains-for-the-week-2","status":"publish","type":"post","link":"https:\/\/tiproject.online\/index.php\/2023\/10\/14\/aud-usd-weekly-forecast-australian-dollar-gives-up-early-gains-for-the-week-2\/","title":{"rendered":"AUD\/USD Weekly Forecast – Australian Dollar Gives Up Early Gains for the Week"},"content":{"rendered":"

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Australian Dollar vs US Dollar Weekly Technical Analysis<\/h2>\n

The Australian dollar<\/a> had initially tried to rally during the course of the week, but gave back gains to show signs of negativity. Ultimately, this is a market that I think continues to see a lot of volatility, and it looks like it\u2019s getting ready to break down below the bottom of the recent candlestick from the previous week, and if it does happen, then the market likely goes down to the 0.62 level. The 0.62 level was a major support level, so breaking down below there would be a big deal.<\/p>\n<\/div>\n<\/div>\n

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The markets continue to see a lot of concerns from multiple reasons, so it does make a certain amount of sense that the Aussie will be ran away from. After all, the US dollar is considered to be a \u201csafety currency\u201d, therefore it\u2019s likely that we continue to see a lot of downward pressure. It\u2019s not until we break above the 0.65 level that I would even consider buying the Aussie dollar, and therefore I think this is a \u201cfade the rally\u201d type of market just waiting to happen, and therefore I think you have to look at it through the prism of a shorter-term perspective, but you may eventually get a signal to start buying again on the weekly chart.<\/p>\n

We don\u2019t have that yet, so there\u2019s no point in bothering with it at this juncture. All things being equal, we will continue to see a lot of noisy behavior, and therefore you have to keep in mind that shorter-term charts are probably going to be the way going forward in this environment.<\/p>\n

For a look at all of today\u2019s economic events, check out our\u00a0economic calendar<\/a>. <\/b><\/p>\n<\/div>\n<\/div>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

[ad_1] Australian Dollar vs US Dollar Weekly Technical Analysis The Australian dollar had initially tried to rally during the course of the week, but gave back gains to show signs of negativity. Ultimately, this is a market that I think continues to see a lot of volatility, and it looks like it\u2019s getting ready to break down below the bottom of the recent candlestick from the previous week, and if it does happen, then the market likely goes down to the 0.62 level. The 0.62 level was a major support level, so breaking down below there would be a big deal. The markets continue to see a lot of concerns from multiple reasons, so it does make a certain amount of sense that the Aussie will be ran away from. After all, the US dollar is considered to be a \u201csafety currency\u201d, therefore it\u2019s likely that we continue to see a lot of downward pressure. It\u2019s not until we break above the 0.65 level that I would even consider buying the Aussie dollar, and therefore I think this is a \u201cfade the rally\u201d type of market just waiting to happen, and therefore I think you have to look at it through the prism of a shorter-term perspective, but you may eventually get a signal to start buying again on the weekly chart. We don\u2019t have that yet, so there\u2019s no point in bothering with it at this juncture. All things being equal, we will continue to see a lot of noisy behavior, and therefore you have to keep in mind that shorter-term charts are probably going to be the way going forward in this environment. For a look at all of today\u2019s economic events, check out our\u00a0economic calendar. [ad_2] Source link<\/p>\n","protected":false},"author":1,"featured_media":28549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-28548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/28548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=28548"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/28548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/28549"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=28548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=28548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=28548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}