AUD/USD Price Analysis: Further upside hinges on 0.6820 breakout and RBA
04.04.2023, 01:29

AUD/USD Price Analysis: Further upside hinges on 0.6820 breakout and RBA

  • AUD/USD seesaws around five-week high after positing the biggest daily jump in three months.
  • Convergence of 200-EMA, three-week-old ascending trend line challenges Aussie pair buyers.
  • Hopes of dovish rate hike also raise doubts about bullish bias.
  • Upbeat RSI, bullish MACD signals keep AUD/USD buyers hopeful unless the quote stays beyond 100-EMA.

AUD/USD aptly portrays the pre-RBA anxiety as it makes rounds to 0.6780-85 during early Tuesday, following the strongest daily run-up since early January.

Mixed concerns about the Reserve Bank of Australia’s (RBA) Interest Rate Decision challenge the AUD/USD bulls even if a clear upside break of the 100-day Exponential Moving Average (EMA) keeps them hopeful.

Also read: AUD/USD aptly portrays pre-RBA anxiety at five-week top below 0.6800

Adding strength to the upside bias are the bullish MACD signals and firmer RSI (14) line, not overbought.

However, a convergence of the 200-day EMA and an upward-sloping resistance line from mid-March, around 0.6820 by the press time, appears a tough nut to crack for the AUD/USD buyers.

Following that, the 0.6900 and the 0.7000 round figure may act as intermediate halts during the likely run-up targeting the mid-February swing high of around 0.7030.

Meanwhile, pullback moves need to conquer the 100-day EMA level of 0.6770 to convince short-term AUD/USD sellers.

Even so, 0.6720 and the previous day’s low surrounding 0.6650 could challenge the pair bears before giving them control. In that case, the Year-To-Date low of 0.6564 will be in focus.

AUD/USD: Daily chart

Trend: Limited upside 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