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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.

DateJune 2, 2018 - 18:08
Currentdowntrend
Forecastcontinuation of downtrend

Midterm forecast:

  • 0.76250 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 54 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.7475 on 05/30/2018, so more gains maximum to Major Resistance (0.7625) 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 51.

Supports and Resistances:

  1. 0.6850
  2. 0.7160
  3. 0.7330
  4. 0.7500
  5. 0.7625
  6. 0.7760
  7. 0.8065
  8. 0.8135
  9. 0.8320
  10. 0.8545
  11. 0.8660
  12. 0.8865
  13. 0.9035
  14. 0.9415
Click on the level to view price action history.