Get started
forextidings

Keep Your Eyes on AUD/USD

Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
forextidings  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Technical Indicators Support and Resistance Trend Analysis AUDUSD audusdanalysis audusdsignal audusdtradingsignal freesignals freeforexsignals freecurrencytips freeforextips
5
0
indicator supportandresistance trendanalysis audusd audusdanalysis audusdsignal audusdtradingsignal freesignals freeforexsignals freecurrencytips freeforextips
Here's the 4hr chart of AUD/USD. At present, AUD/USD is moving upwards. And it has crossed the dynamic resistance trendline. Rightnow, it's maintaining a shortfall to get back to the position between the dynamic support and the resistance trendline. To make it easy to understand, I have used indicators - DMI, Supertrend.

Let's see what indicators are telling about the trend of AUD/USD.
DMI: +DI is above -DI, and ADX is 25, means an uptrend.

If the trend decreases and crosses the dynamic resistance trendline, then it will see 0.7476. After that, if AUD/USD falls and breaks the major support, it will knock 0.7416.

But if AUD/USD takes a reversal from the dynamic resistance, then it will touch the following levels 0.7560 - 0.7586.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.