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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.

DateFebruary 20, 2021 - 22:47
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • 0.77800 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI support #1 at 51 is broken, so the probability of beginning of downtrend is increased.
  • A trough is formed in daily chart at 0.7565 on 02/01/2021, so more gains to resistance(s) 0.7990, 0.8135, 0.8320 and more heights 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 68.

Supports and Resistances:

  1. 0.8135
  2. 0.7655
  3. 0.7565
  4. 0.7460
  5. 0.7400
  6. 0.7225
  7. 0.6990
Click on the level to view price action history.