- Analytics
- Technical Analysis
AUD/USD Technical Analysis - AUD/USD Trading: 2024-09-03
AUD/USD Technical Analysis Summary
Below 0.67295
Sell Stop
Above 0.67942
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
AUD/USD Chart Analysis
AUD/USD Technical Analysis
The AUDUSD technical analysis of the price chart on 4-hour timeframe shows AUDUSD, H4 is retracing down toward the 200-period moving average MA(200) after the price hit eight-month high last week. We believe the bearish momentum will continue after the price breaches below the lower bound of the Donchian channel at 0.67295. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.67942. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - AUD/USD
Australia’s current account deficit widened in second quarter. Will the AUDUSD price retreating persist?
Australia’s current account deficit widened in second quarter: the Australian Bureau of Statistics reported the seasonally adjusted current account deficit rose to A$10.7 dollar in Q3 from deficit of A$6.3 billion in March quarter when a narrowing to A$4.5 billion was expected. The widening of current account deficit was the result of a decrease on the balance of goods and services trade surplus, while the net primary income deficit increased. Worse than expected Australian current account deficit is bearish for AUDUSD.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.