The combination Australian Dollar/US Dollar (AUD/USD) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.7111 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.71604 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.
Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.71871 |
| Next High | 0.71604 |
| Current Price | 0.71292 |
| Next Low | 0.7111 |
| 2nd Low | 0.7053 |
| 3rd Low | 0.69813 |
0.71604 – 0.71871 – 0.7185 – 0.7111 – 0.71427 – 0.71122 —
0.71360 – 0.71407 —
47.775120375808 – 53.540546815642 —
– —
0.71604 – 1773289800
Trading Signals: FOREX – AUD – AUD/USD – USD – – – – – – – – – –