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Message: [QUOTE="Resolve, post: 236665, member: 29339"] [B][SIZE=5]AUDUSD Technical Analysis – 18th SEP, 2024 AUDUSD – Resistance of Channel is Broken[/SIZE][/B] [img]https://i.imgur.com/IfoNOwC.png[/img] AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6743 the prices started to rise upwards against the United States Dollar today in the European Trading session. The Resistance of channel is broken in the 15-minutes timeframe. The MACD crosses UP its Moving Average in the daily timeframe. We can detect Ichimoku - Bullish crossover: Tenkan & Kijun in the daily timeframe. The Momentum indicator is back over zero in the daily timeframe. We can see the Bullish price crossover with adaptative moving average 50 in the weekly timeframe. We can see Bullish price crossover with adaptative moving average 100 in the weekly timeframe. The prices of AUDUSD are ranging Near a new HIGH record (1 year) in the weekly timeframe. AUDUSD is now trading above its 100-hour SMA and below its 200-hour SMA simple moving averages. • Aussie Bullish reversal seen above the 0.6743 mark. • Short-term range appears to be Strong Bullish. • AUDUSD continues to remain above the 0.6780 levels. • Average true range ATR is indicating Less market volatility. The next resistance is located at 0.6792 which is a 3-10 Day Moving Average Crossover Stalls. AUDUSD is now trading near to its Pivot levels of 0.6787 and is moving into a Strong Bullish channel. The price of AUDUSD remains just above its Classic support levels of 0.6781 and is moving towards its next target of 0.6795 at which the Price Crosses 18 Day Moving Average Stalls. [I][B]Disclaimer:[/B] This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.[/I] [B][URL="https://fxopen.com/blog/en/?utm_source=earnforexforum&utm_medium=ownanalysis&utm_campaign=resolve"]For in-depth analysis, please check FXOpen Blog[/URL][/B] [/QUOTE]

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