AUD/USD Price Analysis: Slides towards monthly support line near 0.6880
19.08.2022, 01:29

AUD/USD Price Analysis: Slides towards monthly support line near 0.6880

  • AUD/USD sellers keep reins during five-day downtrend to refresh fortnight low.
  • Clear downside break of 200-SMA, bearish MACD signals direct sellers towards the key support line.
  • Weekly resistance line adds to the upside filters, 61.8% Fibonacci retracement level becomes additional support.

AUD/USD remains on the back foot as sellers attack the 0.6900 threshold while poking the two-week low during Friday’s Asian session. In doing so, the Aussie pair drops for the fifth consecutive day while recently breaking the 200-SMA to the downside.

In addition to the downside break of the 200-SMA, bearish MACD signals also favor AUD/USD downside towards an upward sloping support line from July 21, at 0.6880 by the press time.

It’s worth noting, however, that the RSI (14) is approaching the oversold territory and may become a reason for the Aussie pair to bounce off the stated support line.

Even if the quote remains weak past 0.6880, the 61.8% Fibonacci retracement of July-August upside around 0.6850 could become an additional challenge for the AUD/USD bears before targeting the July 13 swing high near the 0.6800 round figure.

Alternatively, the 200-SMA and one-week-old descending resistance line, respectively near 0.6915 and 0.6935, could challenge intraday buyers of the AUD/USD pair.

Following that, a two-week-old horizontal resistance area near the 0.7000 psychological magnet will be crucial for the pair buyers to cross to retake control.

Overall, AUD/USD remains on the bear’s radar but the downside room appears limited.

AUD/USD: Four-hour chart

Trend: Further weakness 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