Michael_Macdonald-XATSUK

AUDUSD showing signs of stabilisation in the coming weeks

FX_IDC:AUDUSD   Australian Dollar/U.S. Dollar
AUD/USD             is finding support above the 0.7145 low of May, as oversold short-term studies unwind.

A corrective bounce is highlighted, targeting the 0.7310 break level from November, but any further gains should find difficulty clearing congestion around 0.7400, as the Tension Indicator (not shown) continues to weaken and mixed background studies keep investor sentiment cautious.

A close above 0.7400, however, will improve price action and promote consolidation beneath 0.7500.

Following minor gains, further losses are looked for, with a close below 0.7145 extending the November bear trend and targeting congestion around 0.7100. Still lower is the 0.7043 retracement.
United Kingdom
United States
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out