Browsing all articles in AUD/USD
Jun
17

AUD/USD Technical June 17

AUD/USD is trading in a range of 0.9525-0.9696 level. Bollinger bands are showing sell signals for the pair. Price action on 0.9696 level should be carefully watch. If price reached to this level and get a pull back then it will indicate bearish strength and Aussies will then start moving towards 0.9580-60-25 level respectively.

On the other hand, If AUD/USD manage to break through 0.9696 level and H4 or D1 level closure above this level then AUD/USD will further move upward and target 0.9840 level.

High impact News can change the scenario. News like Monetary Policy Meeting Minutes.

Jun
13

AUD/USD D1 Technical June 13

AUD/USD got bullish trend above 0.9380 level. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9580 level.

Price action on 0.9580 level should be carefully watch. If AUD/USD manage to break through this level today and H4 candle closure above 0.9580 level then it will indicate more  bullish strength and Aussies will then target 0.9650-95 level respectively. Daily closure above 0.9696 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

Jun
12

AUD/USD D1 Technical June 12

AUD/USD got bullish in late session yesterday and target around 150 pips. Bollinger bands are not providing clear signals due to oversold of pair. AUD/USD is expected to move further upward and target 0.9525 level.

Price action on 0.9380 level should be carefully watch. If AUD/USD manage to hold this level today and H4 candle closure above this level then it will indicate bullish strength and pair will then target 0.9525 level. Daily closure above 0.9525 level will take AUD further upward.

On the other hand. If pair fails to hold 0.9380 level and H4 candle closure below this level then pair will fall rapidly towards southward and target 0.9330-300 level respectively.

High impact News can change the scenario. News like Employment Change, Unemployment Rate.

Jun
11

AUD/USD D1 Technical June 11

AUD/USD is under pressure pair didn’t manage to hold its support 0.9380 level and rapidly fall towards 0.9330 level. Bollinger bands are much tighten due to oversold of AUD. Pair is expected to remain in bearish trend and target 0.9250 level.

But price action on 0.9380 level should be carefully watch. If AUD/USD manage to give a day closure above this level then Aussies will start a new bullish trend which will take pair first towards 0.9840 level.

On the other hand. If AUD/USD fails to close above 0.9250 level then pair will further dropped towards southward and target 0.9200 level.

 

Jun
10

AUD/USD D1 Technical June 10

AUD/USD break 0.9525 level and target 0.9380 level. Which is acting as a strong support on W1 chart. Bollinger bands are not showing clear signals for the pair. As rate is at last Bollinger showing oversold for AUD/USD. So, here is expected retracement  towards 0.9525 level.

If pair manage to hold its key level 0.9380 and H4 candle closure above 0.9525 level then pair will show some bullish strength that will take Aussies further upward and AUD/USD will then continue its new bullish trend towards 0.9840 level.

On the other hand, If pair didn’t manage to hold this level 0.9380 and D1 or H4 candle closure below this level this will then indicate strong bearish strength and pair will rapidly start falling towards southward.

Jun
5

AUD/USD D1 Technical June 05

Yesterday AUD/USD manage to break its support level 0.9696 level and dropped. Aussies will now face its next support around 0.9580 level.  Bollinger bands are not providing clear signals for the pair.

Price action on 0.9580 level should be carefully handle. There can be two scenario. First, if AUD/USD manage to break its support 0.9580 level and H4 candle closure below support level. Then it will indicate more bearish strength which will take pair further southward and Aussies will then target 0.9525-500 level respectively.

Secondly, if pair manage to hold support level and H4 candle closure above 0.9580 level then it will provide bullish strength and pair will then start moving towards north and target 0.9696 level.

If AUD/USD manage to give a day closure above 0.9696 level today then it will provide a valid buy entry point.

High impact News can affect the movement of pair. News like ADP Non-Farm Employment Change, ISM Non-Manufacturing PMI, Trade Balance.

 

Jun
4

AUD/USD D1 Technical June 04

AUD/USD is in bullish trend. Bollinger bands are providing buy signals for the pair. Aussies is expected to move first down and test 0.9596 level and get a bounce and after that pair will target 0.9840 level.

Price action on 0.9596 level should be carefully watch. If AUD/USD manage to break this level and H4 candle closure below 0.9596 then it will indicate bearish potential and AUD will continue to fall towards southward and target 0.9525 level.

On the other hand. If AUD/USD manage to hold 0.9596 level and get a bounce then it will provide a valid buy entry with stop loss is just located below 0.9520 level.

High impact news can affect the trend of AUD/USD. News like Trade Balance, GDP q/q.

 

Jun
3

AUD/USD D1 Technical June 03

AUD/USD manage to overcome its resistance and targeted around 180 pips. Pair is expected to continues this bullish trend up to 0.9840 level. Bollinger bands are not providing clear signals due to oversold of pair.

So price action on 0.9840 level should be carefully watch. If AUD/USD manage to break this level today and D1 or H4 candle closure above resistance level then it will indicate more bullish strength and pair will then continue its northward movement.

On the other hand. If AUD/USD get a pull back from 0.9840 level and close under 0.9800 then it will provide a valid sell entry point with SL located just above 0.9840 level.

May
31

AUD/USD D1 Technical May 31

AUD/USD didn’t manage to over come 0.9695 level and dropped towards its support 0.9590 level. Currently pair break its support level and Aussies is expected to target its next support at 0.9525 level.

Price action on 0.9525 level should be carefully watch. If pair manage to break that support and give a weekly closure below 0.9525 level then pair will continue its bearish trend and target 0.9350 level.

May
30

AUD/USD D1 Technical May 30

Aussies get a bounce from its support 0.9527 level  yesterday and now trading near its pivot point 0.9695 level. In Asian session due to positive data of Building Approvals m/m AUD/USD target around 90 pips.

Bollinger bands are not providing clear signals yet. The support is now at 0.9580 and resistance is around 0.9700 level. Price action on both level should be carefully watch.

There can be two scenario. First, If AUD/USD manage to beak 0.9695 level and give a day closure or H4 candle chart above 0.9695 level then it will indicate pair got bullish strength and Aussies will then further move towards northward.

On the contrary, If pair fails to hold its support 0.9580 level and D1 or H4 candle chart closure below this level this will indicate lack of bullish potential and pair will hen continue its bearish trend.

High impact News can affect the movement of AUD/USD. News like Prelim GDP q/q, Unemployment Claims, Pending Home Sales m/m.