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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.

DateSeptember 16, 2023 - 12:10
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.65197, resumption of downtrend is expected.
  • We make sure when the support at 0.63554 breaks.
  • If the resistance at 0.65197 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 trough is formed in daily chart at 0.63565 on 09/06/2023, so more gains to resistance(s) 0.64603 and maximum to Major Resistance (0.65197) 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 45.

Supports and Resistances:

  1. 0.78900
  2. 0.76600
  3. 0.74570
  4. 0.72637
  5. 0.71541
  6. 0.70065
  7. 0.68942
  8. 0.67976
  9. 0.67134
  10. 0.66450
Click on the level to view price action history.