AUD USD Technical Analysis | AUD USD Trading: 2020-09-23 | IFCM
IFC Markets Online CFD Broker

AUD USD Technical Analysis - AUD USD Trading: 2020-09-23

AUD/USD Technical Analysis Summary

Accelerometer arrow
Strong SellSellNeutralBuyStrong Buy

Below 0.715

Sell Stop

Above 0.741

Stop Loss

Mary Wild
Senior Analytical Expert
Articles 2058
IndicatorSignal
RSI Neutral
MACD Sell
MA(200) Neutral
Fractals Sell
Parabolic SAR Sell
Bollinger Bands Neutral

AUD/USD Chart Analysis

AUD/USD Chart Analysis

AUD/USD Technical Analysis

On the daily timeframe, AUDUSD: D1 broke down the uptrend support line. A number of technical analysis indicators generated signals for a decline. We do not exclude a bearish movement if AUDUSD falls below the lower Bollinger band: 0.715. This level can be used as an entry point. We can place a stop loss above the high since August 2018, the Parabolic signal and the upper Bollinger band: 0.741. After opening a pending order, we move the stop loss to the next fractal maximum following the Bollinger and Parabolic signals. Thus, we change the potential profit/loss ratio in our favor. After the transaction, the most risk-averse traders can switch to the four-hour chart and set a stop loss, moving it in the direction of the bias. If the price meets the stop loss (0.741) without activating the order (0.715), it is recommended to delete the order: the market sustains internal changes that have not been taken into account.

Fundamental Analysis of Forex - AUD/USD

Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle says the Australian Central Bank is considering the possibility of further rate cuts, but so far without entering negative zone. Will the AUDUSD quotes move down?

A downward movement signifies the weakening of the Australian dollar against the greenback. The current RBA rate is 0.25%. Its regular meeting is scheduled for October 6, 2020. Commonwealth Bank Australian PMIs for September are due early Wednesday morning. Their forecasts are negative, which could negatively affect the Australian dollar rate.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

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.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger