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Message: [QUOTE="Resolve, post: 236880, member: 29339"] [B][SIZE=5]AUDUSD Technical Analysis – 24th SEP, 2024 AUDUSD – Resistance of Channel is Broken[/SIZE][/B] [img]https://i.imgur.com/zOmKWNa.png[/img] AUDUSD was unable to continue its bearish momentum and after touching a low of 0.6814 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 price of AUDUSD is back over the pivot point in the 4-hourly timeframe. The Williams percent Range indicator is back over -50 in the 4-hourly timeframe. We can see that the Resistance of channel is broken in the weekly timeframe. Some of the technical indicators are also giving a Bearish to Neutral stance in the markets which indicates the presence of the Consolidation wave in the markets. 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 0.6814 mark. • Short-term range appears to be Strong Bullish. • AUDUSD continues to remain above the 0.6850 levels. • Average true range ATR is indicating High market volatility. The next resistance is located at 0.6869 which is a 1-Month High. AUDUSD is now trading above its Pivot levels of 0.6847 and is moving into a Strong Bullish channel. The price of AUDUSD remains just above its Classic support levels of 0.6839 and is moving towards its next target of 0.6886 which is a Price 2 Standard Deviations Resistance. [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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