Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: AUD/USD Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

GMMA Indicator

- Major and minor trend are strongly bearish

Ichimoku Analysis

- Price action is consolidating break below daily cloud

Oscillators

- Momentum is strongly bearish

- Stochs are at oversold levels, scope for some pullback

Bollinger Bands

- Volatility is high and rising as evidenced by widening Bollinger bands

Major Support Levels: 0.72, 0.7194 (200-week MA), 0.7189 (Lower BB)

Major Resistance Levels: 0.7265 (5-DMA), 0.7304 (200H MA), 0.7313 (110-week EMA)

Summary: AUD/USD was trading with a bearish bias. Recovery attempts lack traction. Dip till 200-week MA at 0.7194 likely.
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.