AUD/USD: waiting for the bears at 0.78

AUD/USD: waiting for the bears at 0.78

2019-11-11 • Updated

AUD/USD has been in a recovery mode since October 6th and now it looks like that a offer zone could be tested in coming hours. Such area lies between the 0.7802 and 0.7824 levels and we can expect a pull back around it in order to shift the focus towards the -23.6% at 0.7698. To the upside, if the Aussie manages to break above 0.7824, then we might expect an advance towards October 4th highs at 0.7873.

RSI indicator remains in the positive territory.



Worst Awaits Risk Assets in September
Worst Awaits Risk Assets in September

The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.

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