Categories: Technical analysis

AUDUSD Wave Analysis 3 December 2024

– AUDUSD reversed from strong support level 0.6450

– Likely to rise to resistance level 0.6530

AUDUSD currency pair recently reversed up from the strong support level 0.6450, which has been reversing the price from the start of August, as can be seen below.

The support level 0.6450 was further strengthened by the nearby lower daily and the weekly Bollinger Bands.

Given the bullish divergence on the daily Stochastic indicator, AUDUSD currency pair can be expected to rise to the next resistance level 0.6530 (former minor resistance from November).

AddThis Website Tools
The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: AUDUSD

Recent Posts

Silver Wave Analysis – 2 April 2025

Silver: ⬆️ Buy - Silver reversed from the support area - Likely to rise to…

11 hours ago

Caterpillar Wave Analysis – 2 April 2025

Caterpillar: ⬆️ Buy - Caterpillar reversed from the support area - Likely to rise to…

11 hours ago

Manufacturing ISM: inflation up, activity down

The US economy is experiencing a worrying situation known as stagflation, with economic activity declining…

18 hours ago

AUDCHF Wave Analysis – 2 April 2025

AUDCHF: ⬆️ Buy - AUDCHF reversed from the support area - Likely to rise to…

19 hours ago

EURNZD Wave Analysis – 2 April 2025

EURNZD: ⬇️ Sell - EURNZD reversed from resistance area - Likely to fall to support…

19 hours ago
New Instrument Available: Russell 2000 Spot Index CFD (US2000)New Instrument Available: Russell 2000 Spot Index CFD (US2000)

New Instrument Available: Russell 2000 Spot Index CFD (US2000)

We’re excited to announce that FxPro now offers trading on the Russell 2000 Spot Index…

20 hours ago