AUD/USD Price Analysis: Ascending triangle breakout, bull cross call for a retest of 0.7315
14.01.2022, 06:27

AUD/USD Price Analysis: Ascending triangle breakout, bull cross call for a retest of 0.7315

  • AUD/USD retreats from two-month highs before initiating fresh upside.
  • The US dollar keeps its downbeat momentum intact ahead of key US data.
  • Daily technical setup favors bulls, as the aussie ignores mixed China’s trade figures.

AUD/USD is looking to extend the rebound to test 0.7300 after basing out near 0.7265 in the Asian trades.

Mixed Chinese trade figures for December failed to hinder the aussie’s renewed upside, mainly driven by the broad weakness in the US dollar in the face of the 40-year high inflation levels.

The aussie also ignores the risk-off trading in the global equities, with the recovery gaining ground ahead of the US Retail Sales and Consumer Sentiment data.

AUD/USD: Technical outlook

AUD/USD: Daily chart

Technically, the pair is gathering pace to extend the upside breakout from an ascending triangle confirmed on Wednesday.

The 21 and 50-Daily Moving Averages (DMA) bullish crossover also remains in favor of AUD bulls.

Strong resistance is seen at 0.7300, followed by two-month highs of 0.7315. Further up, the bulls may challenge the 0.7350 psychological barrier.  

The 14-day Relative Strength Index (RSI) is gradually inching higher above the midline, justifying the bounce in the spot.

Although buyers need to find acceptance above the 100-DMA at 0.7288 to push northwards.

Alternatively, the corrective pullback will likely remain capped near-daily lows, below which the 0.7200 level could be eyed.

AUD/USD: Additional levels to consider

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik