AUD/USD Price Analysis: Stays on the way to 0.7070 hurdle
27.07.2022, 23:49

AUD/USD Price Analysis: Stays on the way to 0.7070 hurdle

  • AUD/USD remains sidelined after refreshing multi-day high, crossing the key hurdles.
  • Bullish MACD signals back the technical breakouts to direct buyers towards mid-June high.
  • 50-DMA restricts immediate downside, 100-DMA challenges buyers past 0.7070.

AUD/USD buyers flirt with the 0.7000 threshold, after refreshing the six-week high the previous day, as traders await Australia’s Q2 Import Price Index and Retail Sales for June during Thursday’s Asian session.

Even so, a successful upside break of the previous resistance line from April and the 50-DMA, as well as the bullish MACD signals, hint at the AUD/USD pair’s further upside.

That said, the 38.2% Fibonacci retracement of the April-July downside, also nearing the mid-June swing high around 0.7070, appears to be the immediate resistance for the pair.

Following that, the 100-DMA level near 0.7125 could challenge the AUD/USD bulls/

Alternatively, pullback moves may initially aim for the 50-DMA level of 0.6972 before testing the previous resistance line near 0.6930.

However, the AUD/USD bears remain cautious until the quote stays beyond an upward sloping support line from May 12, close to 0.6885 by the press time.

Overall, AUD/USD remains on the bull’s radar ahead of the key Aussie data.

AUD/USD: Daily chart

Trend: Further upside expected

 

© 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