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In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the AUD/USD for 27th September 2023.
Fundamentally, our analysis centers on the forthcoming release of Australia’s August CPI data and its potential repercussions for the AUD/USD market. Key takeaways include:
( Daily chart of AUD/USD, source: Ultima Markets MT4)
On the daily chart, the U.S. dollar index has exhibited a notable upward trajectory. Key technical observations include:
(4-hour chart of AUD/USD, source: Ultima Markets MT4)
Shifting focus to the 4-hour chart, we identify essential technical aspects that inform market dynamics:
(1-hour chart of AUD/USD, source: Ultima Markets MT4)
The 1-hour chart and the ATR combination indicator offer granular insights into the market:
(1-hour chart of AUD/USD, source: Ultima Markets MT4)
Ultima Markets MT4’s pivot indicator serves as a vital reference point for traders: