Tue, Dec 03, 2024 @ 20:27 GMT
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AUD/USD Seems Exhausted

MultiBank Exchange Group
By MultiBank Exchange Group

AUD/USD is trading in the red and signals an overbought after the impressive rally. The Friday’s spike shows that the bulls could lose significant ground in the upcoming days. We had a false breakout above the 0.8065 and above the median line (ml) of the minor ascending pitchfork, so it could drop at least till will reach and retest the lower median line (lml) of the ascending pitchfork.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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