AUD/USD Price Analysis: Retreats towards 0.6800 support confluence
20.02.2023, 00:33

AUD/USD Price Analysis: Retreats towards 0.6800 support confluence

  • AUD/USD fades bounce off 200-DMA, retreats from 50-DMA.
  • Three-month-old ascending trend line adds strength to 0.6800 support.
  • Bearish MACD signals, failure to cross 50-DMA keep sellers hopeful.
  • 12-day-old resistance line adds to the upside filters, bears can aim for January’s low on breaking 0.6800.

AUD/USD takes offers to reverse the previous day’s corrective bounce off a six-week low, down 0.20% intraday near 0.6865 during early Monday. In doing so, the Aussie pair retreats from the 50-DMA amid bearish MACD signals.

While the quote’s failure to cross the short-term DMA join downbeat oscillators, a convergence of the 200-DMA and an upward-sloping support line appears a tough nut to crack for the AUD/USD bears around 0.6800.

Following that, a slump toward the previous monthly low surrounding 0.6685 seems imminent.

In a case where the AUD/USD price remains bearish past 0.6685, lows marked during the last December and late November, respectively near 0.6630 and 0.6585, will gain major attention.

Alternatively, the Aussie pair’s recovery beyond the 50-DMA hurdle surrounding 0.6890 isn’t an open invitation to the bulls as the 0.6900 round figure and a downward-sloping resistance line from February 02, close to 0.6965 at the latest could challenge the upside momentum.

Even if the AUD/USD price remains firmer past 0.6965, the previous weekly high of around 0.7030, will act as the last defense of the bears.

Overall, AUD/USD remains on the bear’s radar even if the 0.6800 key support challenges the short-term downside.

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