AUD/USD: technical analysis
14 February 2019, 10:14
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 0.7135 |
| Take Profit | 0.7195, 0.7240 |
| Stop Loss | 0.7100 |
| Key Levels | 0.6985, 0.7055, 0.7085, 0.7135, 0.7195, 0.7240 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 0.7055 |
| Take Profit | 0.6985 |
| Stop Loss | 0.7085 |
| Key Levels | 0.6985, 0.7055, 0.7085, 0.7135, 0.7195, 0.7240 |
AUD/USD, D1
On the daily chart, the pair is trading in the lower Bollinger band. The price remains slightly below its moving averages that are directed down. The RSI is testing from below its longer MA. The Composite is showing similar dynamics.
AUD/USD, H4
On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains just below the EMA65, EMA130 and SMA200 that are horizontal. The RSI is about to test its most recent resistance. The Composite is growing, having bounced off its longer MA.
Key levels
Support levels: 0.7085 (local lows), 0.7055 (local lows), 0.6985 (local lows).
Resistance levels: 0.7135 (local highs), 0.7195 (local highs), 0.7240 (local highs).
Trading tips
The growth is likely to continue.
Long positions can be opened from the level of 0.7135 with targets at 0.7195, 0.7240 and stop-loss at 0.7100. Validity – 3-5 days.
Short positions can be opened from the level of 0.7055 with the target at 0.6985 and stop-loss at 0.7085. Validity – 3-5 days.
On the daily chart, the pair is trading in the lower Bollinger band. The price remains slightly below its moving averages that are directed down. The RSI is testing from below its longer MA. The Composite is showing similar dynamics.
AUD/USD, H4
On the 4-hour chart, the pair is trading in the upper Bollinger band. The price remains just below the EMA65, EMA130 and SMA200 that are horizontal. The RSI is about to test its most recent resistance. The Composite is growing, having bounced off its longer MA.
Key levels
Support levels: 0.7085 (local lows), 0.7055 (local lows), 0.6985 (local lows).
Resistance levels: 0.7135 (local highs), 0.7195 (local highs), 0.7240 (local highs).
Trading tips
The growth is likely to continue.
Long positions can be opened from the level of 0.7135 with targets at 0.7195, 0.7240 and stop-loss at 0.7100. Validity – 3-5 days.
Short positions can be opened from the level of 0.7055 with the target at 0.6985 and stop-loss at 0.7085. Validity – 3-5 days.
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