empty
 
 
01.04.2023 01:12 AM
Technical analysis of AUD/USD for March 31, 2023

This image is no longer relevant

Overview :

The AUD/USD pair has faced strong resistances at the levels of 0.6724 because support had become resistance since a week. So, the strong resistance has already formed at the level of 0.6724 and the pair is likely to try to approach it in order to test it again.

However, if the pair fails to pass through the level of 0.6724 , the market will indicate a bearish opportunity below the new strong resistance level of 0.6724 (the level of 0.6724 coincides with a ratio of 61.8% Fibonacci).

Moreover, the RSI starts signaling a downward trend, as the trend is still showing strength above the moving average (100) and (50). Thus, the market is indicating a bearish opportunity below 0.6724 for that it will be good to sell at 0.6724 with the first target of 0.6677. It will also call for a downtrend in order to continue towards 0.6657.

The daily strong support is seen at 0.6632. On the other hand, the stop loss should always be taken into account, for that it will be reasonable to set your stop loss at the level of 0.6724 (last bullish wave).

Forecast :

If the pair fails to pass through the level of 0.6724 , the market will indicate a bearish opportunity below the strong resistance level of 0.6724 . In this regard, sell deals are recommended lower than the 0.6724 level with the first target at 0.6657. It is possible that the pair will turn downwards continuing the development of the bearish trend to the level 0.6632.

On the contrary, stop loss has always been in consideration thus it will be useful to set it above the last double top at the level of 0.6724 (notice that the major resistance today has set at 0.6743).

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $4000 más!
    ¡En Julio, sorteamos $4000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback