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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.

DateDecember 19, 2020 - 20:35
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 0.73850 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of continuation of uptrend is decreased.
  • A trough is formed in daily chart at 0.7217 on 11/12/2020, so more gains to resistance(s) 0.7675, 0.7805, 0.7990 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 79.

Supports and Resistances:

  1. 0.8135
  2. 0.7805
  3. 0.7675
  4. 0.7310
  5. 0.7225
  6. 0.7150
  7. 0.6990
  8. 0.6825
  9. 0.6685
Click on the level to view price action history.