AUD/USD: technical analysis
18 September 2017, 10:58
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 0.8045 |
| Take Profit | 0.8115, 0.8170 |
| Stop Loss | 0.8010 |
| Key Levels | 0.7875, 0.7910, 0.7970, 0.8045, 0.8115, 0.8170 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.7970 |
| Take Profit | 0.7910, 0.7875 |
| Stop Loss | 0.7995 |
| Key Levels | 0.7875, 0.7910, 0.7970, 0.8045, 0.8115, 0.8170 |
AUD/USD, D1
On the daily chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that are directed up. The RSI is about to test its longer MA from below. The Composite is testing its longer MA as well.
AUD/USD, H4
On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that turned horizontally. The RSI is testing its last week resistance. The Composite is trying to turn down as well.
Key levels
Support levels: 0.7970 (local lows), 0.7910 (local lows), 0.7875 (local lows).
Resistance levels: 0.8045 (local highs), 0.8115 (local highs), 0.8170 (May 2015 highs).
Trading tips
The price turned up having tested its medium-term ascending trendline. The growth could continue.
Long positions can be opened from the level of 0.8045 with targets at 0.8115, 0.8170 and stop-loss at 0.8010. Validity – 3-5 days.
Short positions can be opened from the level of 0.7970 with targets at 0.7910, 0.7875 and stop-loss at 0.7995. Validity – 3-5 days.
On the daily chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that are directed up. The RSI is about to test its longer MA from below. The Composite is testing its longer MA as well.
AUD/USD, H4
On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that turned horizontally. The RSI is testing its last week resistance. The Composite is trying to turn down as well.
Key levels
Support levels: 0.7970 (local lows), 0.7910 (local lows), 0.7875 (local lows).
Resistance levels: 0.8045 (local highs), 0.8115 (local highs), 0.8170 (May 2015 highs).
Trading tips
The price turned up having tested its medium-term ascending trendline. The growth could continue.
Long positions can be opened from the level of 0.8045 with targets at 0.8115, 0.8170 and stop-loss at 0.8010. Validity – 3-5 days.
Short positions can be opened from the level of 0.7970 with targets at 0.7910, 0.7875 and stop-loss at 0.7995. Validity – 3-5 days.
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