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Weekly forecast Australian Dollar vs. 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.

DateSat, 10/06/2018 - 17:45
Currentdowntrend
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • 0.7320 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • The RSI bounced from the resistance #1 at 55 and it prevented price from more gains.
  • A peak is formed in daily chart at 0.7305 on 09/21/2018, so more losses to support(s) 0.6825, 0.6280, 0.6000 and more depths 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 31.

Supports and Resistances:

  1. 0.8135
  2. 0.7990
  3. 0.7895
  4. 0.7770
  5. 0.7655
  6. 0.7485
  7. 0.7375
  8. 0.7320
  9. 0.7230
  10. 0.7160
  11. 0.6825
Click on the level to view price action history.