Jump to content

AUD/USD Analysis

Rate this topic

Recommended Posts

Yesterday, the AUD/USD traded lower and closed the day in the red zone around the price of 0.6430. Today, on the contrary, the pair has grown slightly, rising to the level of 0.6445. On the hourly chart, AUD/USD trades above the moving average line MA (200) H1 (0.6405). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading, and while the pair remains above MA 200 H1, you may need to look for entry points to buy at the end of the correction.

  • Resistance levels are at 0.6500, 0.6520, and 0.6560.
  • Support levels are at 0.6405, 0.6385, and 0.6355.

The main scenario is probably the resumption of the upward movement to 0.6500 (Nov. 7 high).

The alternative scenario is consolidation below MA 200 H1 with a subsequent fall to 0.6270 (Oct 26 low).


Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • 👍 Join TopGold.Forum Now

    The Most Welcoming & Trustworthy Earning Online Community

    Join over 25,000 members and 700 businesses on their journey to strike GOLD. 💰🍾👍

    👩 Want to make money online? 
    💼 Represent a company? 

⤴️-Paid Ad- TGF approve this banner. Add your banner here.🔥

  • Create New...