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AUD/USD Forex Technical Analysis

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AUD/USD Forex Technical Analysis – Main Trend Changed to Up on Weekly Chart

Based on last week’s close at .7332, the direction of the AUD/USD this week is likely to be determined by trader reaction to the Fibonacci level at .7307. The main trend is up according to the weekly swing chart. The trend turned up last week on a move through .7314. The next main top target is .7484. The trend will change to down on a trade through .7020.

The Australian Dollar surged last week helped by numerous factors including a better-than-expected employment report and a softer tone from U.S. officials about global economic growth. The strong Australian Employment Change report and positive Unemployment Rate helped increase the chances of an interest rate hike by the Reserve Bank of Australia. Investors are now pricing in a 40-percent chance of a 25 basis point increase in the cash rate target in August 2019, up from 25-percent.

The AUD/USD settled the week at .7332, up 0.0104 or 1.43%.

The Aussie was further helped on Friday after U.S. Federal Reserve Vice Chair Richard Clarida told CNBC he saw some evidence of global growth cooling. Clarida also noted key U.S. short-term borrowing rates are close to neutral and said being at neutral “makes sense.” Bullish Aussie traders read this comment to mean the No. 2 Fed official may be open for the Fed to pause its rate-hike campaign sooner than previously thought.




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#1 - November 18, 2018, 02:10:15 PM

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AUD/USD Keeps Drifting Downward

AUD/USD traded degrade in financial credit to Friday, falling under the 0.7100 level to hit child maintenance close the 0.7070 zone, marked by the low of the 31st of October. Then, it rebounded somewhat. The price structure in defense to the 4-hour chart is lower peaks and lower troughs sedated the tentative downtrend origin drawn from the intensity of the 4th of December. However, the daily chart paints a trendless portray and hence, we would deem the unventilated-term slant to be cautiously bearish for now.

If the selling evolve continues and the bears manage to crack the 0.7070 hurdle, subsequently we may see them targeting the 0.7020 place, defined by the low of the 26th of October. That said, we would plus to see a sure daily near sedated that hurdle since we profit confident upon larger declines. Such a fracture would bring the rate into territories last seen in February 2016 and could admission the alley for the lows of the 9th and 11th of that month, at considering reference to 0.6975.

Turning our stare to our quick-term oscillators, we see that the RSI turned down and currently looks ready to slip pro occurring below its 30 lineage, though the MACD lies below both its zero and activate lines, pointing south as expertly. These indicators detect accelerating downside to the fore movement and sticking together the notion for auxiliary declines, at least towards the 0.7020 obstacle.

On the upside, we would behind to see a in settlement crack above 0.7150 to the fore we begin examining whether the curt-term characterize has distorted to a somewhat sure one. Such a involve could with insist the niche of the abovementioned tentative pedigree and could see scope for extensions towards the 0.7200 zone, near the highs of the 18th and 19th of December. Another break above 0.7200 may have enough maintenance leave to enter the bulls to travel towards our adjacent resistance, at in metaphor to 0.7245, marked by the severity of the 13th of the month
#2 - December 25, 2018, 05:11:03 PM

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AUD/USD Forex Technical Analysis in Technical_xx
my analysis of aud/usd

Resistance and Supporting level today,s

Today Trend is:bearish

Resistance level today,s is

First Resistance is:0.7199
Second Resistance is:0.7210
Third Resistance is: 0.7215


Supporting levels today,s is

First Support is: 0.7191
Second Support is:0.7182
Third Support is:0.7171
#3 - January 30, 2019, 03:49:44 AM

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AUD / USD Technical Analysis: Eyeing 0.73 After Swing High Break: The Australian Dollar is eyeing a return to the 0.73 figure after breaking chart resistance but longer-term positioning still favors are broadly bearish
#4 - January 31, 2019, 04:07:43 AM

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I see AUDUSD will experience a maximum correction up to 0.71965 and after that it will continue its bullish up to 0.73096. so now don't open a BUY position first because you wait for correction
#5 - February 04, 2019, 02:14:31 PM

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AUDUSD shows a reversal or bullish direction to the price point of 0.71700 for today, because of a fall in the strength of the USD against Australia dollar and if the price level is reached then the chance for AUDUSD to a higher level will be reached
#6 - February 05, 2019, 03:29:29 AM

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technically AUDUSD at time Frime H4 has touched the support line at 0.7193, and then AUDUSD will continue its bullish trend to 0.7313, and for now friends can open BUY positions now at the price of 0.7246 with stop loss at 0.71768, take profit at 0.7313
#7 - February 05, 2019, 03:50:19 AM

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Today's technical analysis for AUDUSD, in my opinion AUDUSD is still very possible to continue forming the UP trend line on the H4 timeframe, because it is seen from the timeframe the Up trend line has begun to form and I will probably analysis to the point 0.72936 until the end of this week,
#8 - February 05, 2019, 10:55:33 PM

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Today's technical analysis for AUDUSD, in my opinion AUDUSD is still very possible to continue forming the UP trend line on the H4 timeframe, because it is seen from the timeframe the Up trend line has begun to form and I will probably analysis to the point 0.72936 until the end of this week,
The price is above the daily pivot 0.7232. the Australian dollar pair is testing the 0.7215 mark, and it is likely that Australia will weaken. There is an assumption that prices will not stay far below, but will definitely go north, this is a trend, the peak of all three channels will be finished. Closest target. If everything goes like this, it's impossible for quotes to continue, and logically come back again, IMHO, market forces like that.
#9 - February 06, 2019, 01:50:17 AM

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The AUD was helpless against the USD which was supported by market sentiment after the NFP last Friday, I was massacred by this pair, still floating my account to date.From the Daily timeframe it is already seen up to the strong base buy (support) at the current price of 0.7167, most likely the price will bounce back following the daily main trend, which is bullish, if the price rises, then the increase will go towards the price level 0.7320.
#10 - February 06, 2019, 04:02:03 AM

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The price is above the daily pivot 0.7232.
The small MA is above the big MA, the price is above the two MAs.
The price forecast will be bullish with the initial target of Resistance 1.
Possible to penetrate to Resistance 2.

#11 - February 06, 2019, 06:14:49 AM
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The AUD has begun to make resistance. The buyer will start making corrections that we expect will reach the mid BB or high MA so that it will become a reentry sell setup. The bearish trend still occurs with the mark of prices below the mid BB and EMA50. We will see how full setup takes place at a lower time frame to find out if it is indeed quite valid and ideal condition to do OP in this pair. have a great activity
#12 - February 07, 2019, 05:29:18 AM
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on TF H4 AUDUSD indicates seller movement. seen on the RSI and MA 200 indicators. option seller sets on target 50-100 points.
#13 - February 07, 2019, 05:40:11 AM
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The AUD has begun to make resistance. The buyer will start making corrections that we expect will reach the mid BB or high MA so that it will become a reentry sell setup. The bearish trend still occurs with the mark of prices below the mid BB and EMA50. We will see how full setup takes place at a lower time frame to find out if it is indeed quite valid and ideal condition to do OP in this pair. have a great activity
Good night friend, I noticed the audush currency will be reversed to buy, see from the market form in the H1 time frame and use the Bolinggerbands indicator now at the midle bands top level, strong possible turnaround trend trend up will be formed, but I will wait the price dropped a little more as a footing and I buy action with 30 pip Stop loss and 50 pip take profit ..


#14 - February 07, 2019, 01:10:38 PM

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Good night friend, I noticed the audush currency will be reversed to buy, see from the market form in the H1 time frame and use the Bolinggerbands indicator now at the midle bands top level, strong possible turnaround trend trend up will be formed, but I will wait the price dropped a little more as a footing and I buy action with 30 pip Stop loss and 50 pip take profit ..
Thank you for the correction, bro, hopefully you will get a profit.
#15 - February 07, 2019, 01:36:09 PM

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