In June 2011, Aussie had a resistance level of 1.10521 – the highest price since November 1981. The United States Dollar has been gaining against the Australian dollar ever since 2011. The fall reached 0.55193 in March 2020. This was due to the pandemic.
Price since the pandemic has bounced and has been able to reach 0.80216. The highest price since February 2021. On the monthly chart, it looks more like a range since September 2022 till now. As of 11th of December, 2024, the Aussie has reached a year low with price at 0.63370, as price has been falling from the 2024 high at 0.69470. We might see price rally to 0.65393 in the coming weeks from the current price at 0.63558. There are multiple oversold positions on the 4-HR RSI chart.
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