06.02.2023 03:12 PM
AUD/USD outlook for February 6, 2023

This image is no longer relevant

A strong report from the U.S. Department of Labor last Friday contributed to the sharp strengthening of the U.S. dollar. Its DXY index gained 2%, while all major currencies fell in pairs with the USD. In particular, this applies to the AUD/USD pair, which has fallen by 3% over the past two trading days. Today, its decline continued, and the price reached the important medium-term support level 0.6900 (50 EMA on the weekly chart).

This image is no longer relevant

The strong bearish momentum is still pushing the pair down towards important support levels 0.6875 (50 EMA on the daily chart), 0.6855 (200 EMA on the daily chart).

Technical indicators OsMA and Stochastic on the daily and weekly AUD/USD charts also signal the possibility of further decline.

In case of breakdown of the important support level 0.6820 (144 EMA on the daily chart), AUD/USD will return to the global downward trend zone.

This image is no longer relevant

In an alternative scenario, the first signal for the resumption of long positions may be a breakdown of the resistance levels 0.6934 (200 EMA on the 4-hour chart), 0.6950 (the recent local high).

The breakdown of the key long-term resistance level 0.7145 (200 EMA on the weekly chart) and the local 7-month high at 0.7157 will confirm the return of AUD/USD to the long-term bull market zone.

Support levels: 0.6900, 0.6875, 0.6855, 0.6820, 0.6720, 0.6700, 0.6665, 0.6635

Resistance levels: 0.6934, 0.6950, 0.7000, 0.7037, 0.7045, 0.7080, 0.71 57

Trading scenarios

Sell Stop 0.6880. Stop-Loss 0.6960. Take-Profit 0.6875, 0.6855, 0.6820, 0.6720, 0.6700, 0.6665, 0.6635

Buy Stop 0.6960. Stop-Loss 0.6880. Take-Profit 0.7000, 0.7037, 0.7045, 0.7080, 0.7157

Jurij Tolin,
Especialista em análise na InstaForex
© 2007-2023
  • Grand Choice
    Contest by
    InstaForex always strives to help you
    fulfill your biggest dreams.
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $1000 mais!
    Em Junho nós sorteamos $1000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback