Tue, Dec 03, 2024 @ 19:31 GMT
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AUD/USD False Breakdown?

MultiBank Exchange Group
By MultiBank Exchange Group

AUD/USD rallied on Tuesday and tries to stay within the minor ascending pitchfork’s body. Has failed to reach and retest the lower median line (LML) of the major ascending pitchfork. Technically, it was expected to reach this level and even to breakdown under it. Could come back up to retest the upper median line (uml) of the minor descending pitchfork before will drop further.

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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