Day: March 8, 2023

AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are under the 200-day Moving Average, which reveals prevalence of a downtrend. The RSI has broken through the support line. Further falling to the nearest support level at 1/8 (0.6652) is expected. The scenario can be cancelled by rising above the resistance level of 3/8 […]

XAUUSD, “Gold vs US Dollar” Gold has formed a Doji reversal pattern near the resistance level. The instrument is now going by the pattern in a descending wave. The target of the decline might be 1825.00. After a test of the support, the price might break through it and continue falling. However, the quotes might […]