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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

Trading suggestion:

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

DateJanuary 22, 2022 - 23:21
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.75640, resumption of downtrend is expected.
  • We make sure when the support at 0.69900 breaks.
  • If the resistance at 0.75640 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.7314 on 01/13/2022, so more losses minimum to Major Support (0.6990) 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 46.

Supports and Resistances:

  1. 0.8005
  2. 0.7850
  3. 0.7780
  4. 0.7655
  5. 0.7606
  6. 0.7564
  7. 0.7480
  8. 0.7407
  9. 0.7312
  10. 0.6825
  11. 0.6685
Click on the level to view price action history.