AUD/USD, D1

On the daily chart, the pair is falling along the lower line of the Bollinger Bands while the price range is widened, suggesting the possibility of a fall continuation. The MACD histogram is in the negative zone while the signal line is crossing the body of the histogram from the top, thus keeping a sell signal. The Stochastic is about to leave the overbought zone, forming a buy signal.

AUD/USD, H4

On the 4-hour chart, the pair is trading in the lower Bollinger band while the price range is widened – the downward trend is still in place. The MACD histogram is in the negative zone, keeping a confident sell signal. The Stochastic is in the neutral zone, its lines are directed upward.

Key levels

Support levels: 0.7500, 0.7470, 0.7450, 0.7400.

Resistance levels: 0.7530, 0.7550, 0.7570, 0.7585, 0.7600.

Trading tips

According to the technical indicators, short positions are preferable.

Short positions can be opened from the level of 0.7500 with the target at 0.7450 and stop-loss at 0.7530. Validity – 1-3 days.

Long positions can be opened from the level of 0.7550 with the target at 0.7600 and stop-loss at 0.7520. Validity – 1-3 days.

Australian vs US Dollar

BuySellSpread
0.742130.7413281

Scenario

TimeframeDay's Range
RecommendationsSELL STOP
Entry Point0.7500
Take Profit0.7450
Stop Loss0.7530
Support levels0.7400, 0.7450, 0.7470, 0.7500, 0.7530, 0.7550, 0.7570, 0.7585, 0.7600

Alternative scenario

RecommendationsBUY STOP
Entry Point0.7550
Take Profit0.7600
Stop Loss0.7520
Support levels0.7400, 0.7450, 0.7470, 0.7500, 0.7530, 0.7550, 0.7570, 0.7585, 0.7600
AUD/USD: technical analysis

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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