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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, 2023 - 01:50
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.65729, resumption of uptrend is expected.
  • We make sure when the resistance at 0.71350 breaks.
  • If the support at 0.65729 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 0.68710 on 01/19/2023, so more gains to resistance(s) 0.70065 and maximum to Major Resistance (0.71350) 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 60.

Supports and Resistances:

  1. 0.83693
  2. 0.78900
  3. 0.76600
  4. 0.74570
  5. 0.72787
  6. 0.71350
  7. 0.70065
  8. 0.68930
  9. 0.67701
  10. 0.66810
  11. 0.65729
Click on the level to view price action history.