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AUDUSD

Brief explanation ╰┈➤ From the chart above, it actually provides an important picture where sellers have dominated the trading area, at today's market opening a hectic zone was formed which is usually an area with significant seller reactions with the appearance of a fairly long shadow, namely 70 pips and in these conditions Prices are still consistently under pressure from sellers. Fundamental discussion ╰┈➤ The two currency pairs in this trade actually have specific similarities, namely that both AUD and USD still maintain interest rates at relatively high levels. Of course, this will create sentiment that will have a significant influence. AUD with better data than before because it is supported by a strong producer price index. Apart from that, the USD actually has weaker domestic product data but speculation for both currencies is still high when it comes to interest rates. Technical discussion ╰┈➤ Technically, it seems like seller pressure is still in effect at the moment, where prices appear to have experienced quite a sharp decline at the start of market opening. The following is a complete technical explanation of AUDUSD: There are three resistance zones that are close to each other but have not been responded to significantly by sellers, namely at prices 0.65551, 0.65485 and 0.65464. These three resistances are the closest areas that are currently forming but there has been no significant response, only there are signs that sellers have entered. The CCI indicator is right at level 100, it seems there is seller confirmation now. Conclusion of the analysis ╰┈➤ Planning is still based on the analysis above, of course, namely only the sell option applies, where there are three closest resistances, 0.65551; 0.65485; and 0.65654 is the area for sellers.