FX.co ★ AUD/USD

T E C H N I C A L _ A N A L Y S I S A U D / U S D Welcome to the live trading discussion. I believe you are good in health and making a good profit. Hopefully, your trading plan that was shared yesterday managed to get the maximum profit. At this moment, the price of AUD/USD is trading in the 0.6217 area. I'm trying to find the direction where the most likely price will move this week, which shows that 2 possible scenarios could occur in the AUD/USD market based on the position of prices that are currently moving. The Relative Strength Index (RSI) indicator value is 52.0038, so AUD/USD is currently showing the vital activities of buyers, which is why I recommend buying AUD/USD. At the same time, on this chart, the moving average convergence divergence (MACD) volume increased, and the fast and slow lines diverged smoothly upward. AUD/USD is trading just above the 20-day exponential moving average so we can say that the moving average indicator is giving a buy signal in this chart because the 20-day and 50-day exponential moving averages are also above the current AUD/USD price.

The first crucial resistance level for AUD/USD is 0.6223. $0.6244 is the next crucial resistance level which is the 2nd level of resistance. After that, AUD/USD will move further toward the 0.8543 level of resistance which is the 3rd level of resistance. On the other hand, the first crucial support level for AUD/USD is 0.6201. $0.6180 is the next crucial support level which is the 2nd level of support. After that, AUD/USD will decline further toward the 0.5821 level of support which is the 3rd level of support. Let’s see if the market predicts my analysis or not. Stay Blessed and Stay safe! The indicators used in the chart: MACD indicator: RSI indicator period 14: 50-day exponential moving average color Orange: 20-day exponential moving average color Magenta: