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AUD USD analysis has been making waves in the fx market right from time for quite a lot of reasons, including that they are major currency pairs. A currency pair is a quotation and pricing structure of currencies traded in the fx market. In a currency pair, there are two parts; the quote currency and the base currency. A quote currency is the foreign currency and is usually quoted right after the base currency or home currency. A base currency is the currency of against which exchange rates are generally quoted in a given country. In this case, Australian Dollar is the base currency while USD is the quote currency.

TREND ANALYSIS

A trend analysis is a detailed examination of past trading activities in a bid to predict the value of a security in the future. Usually, a market may not have a specific direction looking at it from a narrow perspective, but on a broader level, the market tends to have a general direction. The general direction of a market or a security, regarding the price of the security, is known as trend.

Here are some recent AUD USD trend analyses that might interest you

  • shows some bullish bias after testing 0.7448 levels, as it is affected by stochastic positivity, and the indicator needs to get enough negative momentum to push the price to resume the main bearish bias, which its targets begin by breaking the mentioned level to open the way to head towards 0.7329 as a next main target. 

Generally, the trend scenario is bearish, which is expected to remain valid and active unless 7595 followed by 0.7675 levels and holding above them. The expected trade range, in this case, is between 0.7329 support and 0.7550.

  • tested the key support 0.7448 not so long ago, as the EMA50 forms negative pressure against the intraday and short term trading which in essence would resume the bearish trend. There would be an open headway towards 0.7329, considering the breaching 0.7595 followed by 0.7675
  • the AUD USD pair show sideways and tight trading and moved near the key support 0.7448, suggesting the price attempt to resume the bearish bias without the need to the temporary rise mentioned. This calls for caution in upcoming trades. Therefore, it is preferred to stay aside in order to monitor the price behavior according to the next trend keys.
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