- Analytics
- Technical Analysis
AUD USD Technical Analysis - AUD USD Trading: 2022-11-10
AUD/USD Technical Analysis Summary
Below 0.6390
Sell Stop
Above 0.6441
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
AUD/USD Chart Analysis
AUD/USD Technical Analysis
The AUDUSD technical analysis of the price chart on 1-hour timeframe shows AUDUSD: H1 is retracing down under the 200-period moving average MA(200) which has leveled off. The RSI indicator is in oversold zone. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.6390. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.6441. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - AUD/USD
Australia’s consumers expect higher inflation in next twelve months. Will the AUDUSD price reverse its retreating?
Australia’s consumers expect higher inflation in next twelve months: the Melbourne Institute (MI) report indicated the MI Inflation Expectations index rose to 6% from 5.4% in October. Expectations of rising consumer inflation in Australia are bullish for AUDUSD. However the current setup is bearish for the pair.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.