empty
 
 
15.04.2021 05:14 PM
AUD/USD Hot Forecast for 15 April, 2021
  • AUD/USD consolidates its daily gains around 0.7750 in the American session.
  • Retail Sales in the US increased by 9.8% in March.
  • US Dollar Index stays relatively quiet around 91.70.

This image is no longer relevant

After touching its highest level in more than three weeks at 0.7762 on Thursday, the AUD/USD pair seems to have gone into a consolidation phase around 0.7750 despite strong macroeconomic data releases from the US. As of writing, the pair was up 0.4% on the day at 0.7752.

The Australian dollar is appearing increasing comfortable above the 0.7700 level against the US dollar, following much better-than-expected Australian jobs data earlier this morning. A bullish inverted head and shoulders pattern continue to project an incoming move towards the 0.7770 level. AUDUSD traders could start to book some profits if the pair reaches the patterns upside objective.

The AUDUSD pair is only bullish while trading above the 0.7690 level, key resistance is found at the 0.7770 and 0.7800 levels.The AUDUSD pair is only bearish while trading below the 0.7690 level, key support is found at the 0.7650 and 0.7620 levels.

Jan Novotny,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback