Currency is sandwiched between a moving average with period 34 (the resistance level of 1.0150) on the one hand and the middle with periods of 55, 89 and 144 (support levels 1.0110 and 1.0090) on the other.MACD histogram is located in the negative zone and slightly below its signal line, continues to decline very slowly and thus gives no clear signal to sell AUD / USD.
Stochastic Oscillator is in the neutral zone and currently does not generate clear signals.
The absence of clear signals, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 1.0150 resistance level and increase in AUD / USD to the local max 1.0200/10.
2. Break of 1.0110 support level and lower AUD / USD to levels of 1.0090 and 1.0050.
Resistance levels: 1.0150, 1.0170, 1.0200/10
Current Price: 1.0129
Support levels: 1.0110, 1.0090, 1.0050, 1.0010/00
Translate this page
