AUD USD Technical Analysis | AUD USD Trading: 2021-06-21 | IFCM
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AUD USD Technical Analysis - AUD USD Trading: 2021-06-21

AUD/USD Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 0.7521

Buy Stop

Below 0.7477

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2451
IndicatorSignal
RSI Buy
MACD Buy
Donchian Channel Neutral
MA(200) Sell
Fractals Neutral
Parabolic SAR Buy

AUD/USD Chart Analysis

AUD/USD Chart Analysis

AUD/USD Technical Analysis

The AUDUSD technical analysis of the price chart on 1-hour timeframe shows AUDUSD: H1 is trying to rebound below the 200-period moving average MA(200) which is falling still. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.7521. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.7477. After placing the order, the stop loss is to be moved to the next fractal low, 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

Australian retail turnover rose less than expected in May 2021. Will the AUDUSD continue retreating?

Australian retail turnover rose less than expected in May 2021. The Australian Bureau of Statistics report showed Australian retail turnover rose 0.1% over month in May after 1.1% growth in April, when an 0.4% increase was expected. This is bearish for AUDUSD. However technical setup is bullish for AUDUSD.

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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.

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