AUD/USD Price Analysis: On the way to 0.7035 key support
26.05.2022, 05:48

AUD/USD Price Analysis: On the way to 0.7035 key support

  • AUD/USD takes offers to renew intraday low, down for the third consecutive day.
  • Break of two-week-old support line, steady RSI keep sellers hopeful.
  • 10-DMA, 20-DMA and resistance-turned-support from early April together offer strong challenge to bears.
  • Bulls need to cross weekly top before eyeing the monthly peak.

AUD/USD holds lower ground near 0.7065 as it prints a three-day downtrend heading into Thursday’s European session. In doing so, the Aussie pair breaks a fortnight-long support line.

In addition to the support break, the steady RSI and the recent pullback from a three-week high signal the AUD/USD pair’s further downside.

However, a confluence of the 10-DMA, 20-DMA and previous resistance line from early April, near 0.7035, appears a tough nut to crack for the bears.

Following that, the 0.6950 level may act as the last defense of the AUD/USD buyers before directing the quote towards the monthly low of 0.6828.

Alternatively, recovery moves need to refresh the weekly high, currently around 0.7130, to convince buyers.

Even so, the 0.7200 threshold and the monthly peak surrounding 0.7270 could challenge the AUD/USD bulls.

Overall, AUD/USD is likely to decline further but the downside room appears limited.

AUD/USD: Daily chart

Trend: Further downside expected

 

© 2000-2025. 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