AUD/USD: general analysis

59 0
Current trend

This week the pair is growing, gradually reaching the psychological level of 0.8000.

USD is weakening due to the negative employment market’s data publications and the decrease of industrial production in January. In addition, the dollar is under pressure of the growth of global economy. Today RBA's Governor Philip Lowe commented upon the economic situation in the country. He mentioned significant success in the employment market (400K jobs were created last year), the improvement of the confidence and growth of commodity prices. Despite the growth of Australian economy, RBA will maintain neutral monetary policy , as the inflation level is still low and the regulator sees no reason for interest rate correction.

Today at 15:30 (GMT+2) the housing market data will be released in the USA.

Support and resistance

On the 4-hour chart, the instrument is trading in the upper part of Bollinger Bands . The key resistance level is 0.7980. The indicator is pointed upwards, as the price range has widened, which reflects the further growth of the instrument.

MACD histogram is in the positive zone, keeping a strong buy signal.

Stochastic is ready to enter the overbought area.

Resistance levels: 0.7980, 0.8011, 0.8050.

Support levels: 0.7761, 0.7802, 0.7859, 0.7895, 0.7934.

Trading tips

Long positions can be opened at the current level with the targets at 0.8050, 0.8070 and stop loss 0.7910. Implementation period: 1–3 days.

Short positions can be opened below the level of 0.7895 with the targets at 0.7835, 0.7800 and stop loss 0.7935. Implementation period: 1–2 days.

Australian vs US Dollar

Buy Sell Spread
0.79873 0.7985 23


Timeframe Day's Range
Recommendations BUY
Entry Point 0.7977
Take Profit 0.8050, 0.8070
Stop Loss 0.7910
Support levels 0.7761, 0.7802, 0.7859, 0.7895, 0.7934, 0.7980, 0.8011, 0.8050

Alternative scenario

Recommendations SELL STOP
Entry Point 0.7890
Take Profit 0.7835, 0.7800
Stop Loss 0.7935
Support levels 0.7761, 0.7802, 0.7859, 0.7895, 0.7934, 0.7980, 0.8011, 0.8050
Register on LiteForex site and get more analysis
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出