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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

Trading suggestion:

Price is in the Trend Hunter Buy Zone (0.70600 to 0.69900).

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (0.70600)
  • Ending of entry zone (0.69900)

DateMay 2, 2022 - 18:17
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

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

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • A peak is formed in daily chart at 0.74575 on 04/21/2022, so more losses minimum to Major Support (0.69900) 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 26.

Take Profits:

  1. 0.71703
  2. 0.73177
  3. 0.73930
  4. 0.75640
  5. 0.76564
  6. 0.77800
  7. 0.80050
Click on the level to view price action history.