AUD/USD, D1

On D1 chart, the pair is declining in the lower part of Bollinger Bands. The indicator is directed downwards, and the price range is reducing, which indicates the change of the current trend. MACD histogram is in the negative zone keeping the buy signal. Stochastic is about to leave the oversold area, a strong buy signal can be formed in 1-2 days.

AUD/USD, H4

On H4 chart, the instrument consolidated below the key support level of 0.7040. Bollinger Bands are directed horizontally, and the price range has expanded, indicating a correction within the “bearish” trend. MACD histogram is in the negative zone keeping the buy signal. Stochastic is about to enter the oversold area; a strong buy signal can be generated during the day.

Key levels

Resistance levels: 0.7041, 0.7067, 0.7107, 0.7148, 0.7203, 0.7258, 0.7305.

Support levels: 0.7018, 0.6986, 0.6936, 0.6897.

Trading tips

Short positions may be opened from the current level with target at 0.6995 and stop loss at 0.7055. Implementation period: 1 day.

Long positions may be opened above 0.7060 with target at 0.7110 and stop loss at 0.7045. Implementation period: 1-2 days.

Australian vs US Dollar

BuySellSpread
0.727880.7276424

Scenario

TimeframeDay's Range
RecommendationsSELL
Entry Point0.7033
Take Profit0.6995
Stop Loss0.7055
Support levels0.6897, 0.6936, 0.6986, 0.7018, 0.7041, 0.7067, 0.7107, 0.7148, 0.7203, 0.7258, 0.7305

Alternative scenario

RecommendationsBUY STOP
Entry Point0.7065
Take Profit0.7110
Stop Loss0.7045
Support levels0.6897, 0.6936, 0.6986, 0.7018, 0.7041, 0.7067, 0.7107, 0.7148, 0.7203, 0.7258, 0.7305
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.

Start Trading
Follow us in social networks!
Live Chat
Leave feedback