empty
 
 
28.11.2022 04:29 AM
Forecast for AUD/USD on November 28, 2022

This morning, the Australian dollar decided to form a double top on the daily chart. The base of this figure is the nearest target level at 0.6595. Crossing the base sets the next target at 0.6370. But the price has two intermediate target levels on the way, from which there can be a correction at 0.6514/32, 0.6453.

This image is no longer relevant

Disappointing data on retail sales for October, which showed -0.2% against expectations of growth of 0.5%, was the reason why the aussie has done such a drastic move.

This image is no longer relevant

On the four-hour chart, the price settled below the MACD indicator line, went deep under the support of 0.6700, and the Marlin oscillator entered the negative territory. Complete downward movement. We expect progress, the aussie to reach the nearest support of 0.6595.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback