Dear Traders,
Here i will be posting the Daily Market Analytics in the Forex pairs listed below:
I am using the Candlestick patterns and Major Technical indicators for this analysis which will be posted -> pre London markets Open time.
Thanks
AUDUSD Technical Analysis – 11th DEC, 2024
AUDUSD – Support of Channel is Broken
AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6402 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe.
Also, the Williams Percent Range indicator is oversold: under -80 in the 4-hourly timeframe indicating a Neutral market.
We have detected the formation of a Long black line in the 30-minutes timeframe.
The Previous candle closed under Bollinger bands in the 15-minutes timeframe indicating a Neutral market.
Also, we see that the prices are New LOW record (1 year) in the weekly timeframe.
The CCI indicator is oversold: under -100 in the 2-hourly timeframe indicating a Neutral market.
Some of the technical indicators are also giving a Bullish to Neutral stance of the markets indicating the presence of the Consolidation wave in the markets.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6402 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6350 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.6347 which is a Pivot Point 1st Support Point.
AUDUSD is now trading above its Pivot levels of 0.6372 and is moving into a Bearish channel.
The price of AUDUSD remains below its Classic support levels of 0.6363 and is moving towards its next target of 0.6325 which is a Price 2 Standard Deviations Support.
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check FXOpen Blog
Here i will be posting the Daily Market Analytics in the Forex pairs listed below:
- EURUSD
- GBPUSD
- AUDUSD
- NZDUSD
- USDCAD
- USDCHF
- USDJPY
- EURJPY
- GBPJPY
- EURGBP
I am using the Candlestick patterns and Major Technical indicators for this analysis which will be posted -> pre London markets Open time.
Thanks
Post automatically merged:
AUDUSD Technical Analysis – 11th DEC, 2024
AUDUSD – Support of Channel is Broken

AUDUSD was unable to continue its bullish momentum and after touching a high of 0.6402 the prices have started to decline against the United States Dollar today in the Asian trading session.
We can see that the Support of channel is broken in the 15-minutes timeframe.
Also, the Williams Percent Range indicator is oversold: under -80 in the 4-hourly timeframe indicating a Neutral market.
We have detected the formation of a Long black line in the 30-minutes timeframe.
The Previous candle closed under Bollinger bands in the 15-minutes timeframe indicating a Neutral market.
Also, we see that the prices are New LOW record (1 year) in the weekly timeframe.
The CCI indicator is oversold: under -100 in the 2-hourly timeframe indicating a Neutral market.
Some of the technical indicators are also giving a Bullish to Neutral stance of the markets indicating the presence of the Consolidation wave in the markets.
AUDUSD is now trading below its 100-hour SMA and its 200-hour SMA simple moving averages.
• Aussie Bearish reversal seen below the 0.6402 mark.
• Short-term range appears to be Bearish.
• AUDUSD continues to remain above the 0.6350 levels.
• Average true range ATR is indicating Less market volatility.
The next support is located at 0.6347 which is a Pivot Point 1st Support Point.
AUDUSD is now trading above its Pivot levels of 0.6372 and is moving into a Bearish channel.
The price of AUDUSD remains below its Classic support levels of 0.6363 and is moving towards its next target of 0.6325 which is a Price 2 Standard Deviations Support.
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check FXOpen Blog