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On H4 chart, the instrument could not consolidate above the strong resistance level of 0.7443. Bollinger Bands reverse upwards, and the price range expanded, which indicates the continuation of the uptrend. MACD histogram is in the positive zone with its volumes growing and keeping the buy signal. Stochastic left the overbought area having formed the sell signal.
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AUDUSD UP TREND NEXT MONTH
instrument is testing the moving average of Bollinger Bands. The indicator is directed downwards and the price range reduced insignificantly which indicates further correction. MACD histogram is in the negative zone keeping the sale signal. Stochastic is approaching the oversold zone and does not give a clear signal for opening positions.Long positions may be opened above the level of 0.7425 with targets at 0.7450, 0.7485 and stop-loss at 0.7310.
AUDUSD UP TREND NEXT MONTH
On the 4-hour chart, the pair is growing along the upper border of Bollinger Bands. MACD histogram is in the positive zone, keeping a signal to open long positions.
Stochastic is at the level of 54 points and does not give signals to enter the market.Resistance levels: 0.7628, 0.7690.Support levels: 0.7545, 0.7515.
Stochastic is at the level of 54 points and does not give signals to enter the market.Resistance levels: 0.7628, 0.7690.Support levels: 0.7545, 0.7515.
AUDUSD DOWN TREND
The instrument is in the correction in the upper part of Bollinger Bands. The indicator is pointed upwards, as the price range has narrowed, the correction of the downward trend is still relevant. MACD histogram is in the positive zone, keeping a strong buy signal.0.7600, 0.7673,
AUDUSD UP TREND NEXT MONTH
MACD histogram is corrected at the zero mark, the signal for entering the market is not formed Long positions can be opened at the current level with targets at 0.7940, 0.7970. Stop-loss – 0.7850.
Short positions may be opened from the level of 0.7835 with target at 0.7770 and stop-loss at 0.7665.
Short positions may be opened from the level of 0.7835 with target at 0.7770 and stop-loss at 0.7665.
AUDUSD DOWN TREND NEXT MONTH
On the 4-hour chart, Bollinger Bands are pointed upwards, а the price range has widened, which reflects the further strengthening of the instrument in the short term. MACD histogram is in the positive zone, its volumes insignificantly decreased, the buy signal is still relevant.Long positions can be opened above the level of 0.8165 with the targets at 0.8220, 0.8235 Short positions can be opened below the level of 0.8019 with the targets at 0.7970, 0.7950
AUDUSD DOWN TREND NEXT MONTH
RBA noted that further growth of national currency can slower the inflation and economy growth rate. Such comments usually lead to the rapid fall of the Australian dollar. The upward momentum will develop further, and from the key resistance levels, the rapid fall is expected.
Resistance levels: 0.7700, 0.7770, 0.7800
Support levels: 0.7650, 0.7600, 0.7550
Resistance levels: 0.7700, 0.7770, 0.7800
Support levels: 0.7650, 0.7600, 0.7550
AUDUSD UP TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.7862 I expect the pair to be trading near 0.8042 towards the end of the forecast period which will conclude on the 1st of November, 12:00 GMT, Ideally, the pair will follow the expected price path as outlined on the charts.
AUDUSD UP TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.7946 I expect the pair to be trading near 0.8042 towards the end of the forecast period which will conclude on the 2nd of October, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.
AUDUSD UP TREND NEXT MONTH
MACD indicates that momentum is improving, but it remains in bearish territory. I expect the histogram as well as moving average to approach the centerline during the expected move higher. RSI is trading in territory and a breakout should initiate the rally.Current Level 0.7442 I expect the pair to be trading near 0.7603 towards the end of the forecast period which will conclude on the 3rd of July, 12:00 GMT Ideally, the pair will follow the expected price path as outlined on the charts.