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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateMarch 21, 2020 - 17:17
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.63000 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • A peak is formed in daily chart at 0.6685 on 03/09/2020, so more losses to support(s) 0.5720, 0.5510, 0.5320 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 16.

Supports and Resistances:

  1. 0.8135
  2. 0.7805
  3. 0.7675
  4. 0.7395
  5. 0.7200
  6. 0.6845
Click on the level to view price action history.