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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.

DateOctober 14, 2018 - 10:22
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • 0.73200 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:

  • While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 0.7040 on 10/08/2018, so more gains to resistance(s) 0.7160, 0.7230 and maximum to Major Resistance (0.7320) 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 43.

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.