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AUD/USD
AUD USD
- USD (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 06/05/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.6654 USD
My targets
0.6673 USD (+0.0011)
0.6700 USD (+0.0038)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on AUD/USD as long as the price remains well above 0.6654 USD. The buyers' bullish objective is set at 0.6673 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6700 USD. If there is any crossing, the next objective would be the resistance located at 0.6864 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

dtaccori
This analysis was given by dtaccori. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The AUD/USD price is 0.6662 USD. The price has increased by +0.24% since the last closing and was between 0.6642 USD and 0.6663 USD. This implies that the price is at +0.30% from its lowest and at -0.02% from its highest.

0.6642
0.6663
0.6662

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of AUD/USD in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.6607 0.6629 0.6654 0.6662 0.6673 0.6700 0.6864
Change (%) -0.83% -0.50% -0.12% - +0.17% +0.57% +3.03%
Change -0.0055 -0.0033 -0.0008 - +0.0011 +0.0038 +0.0202
Level Minor Major Minor - Intermediate Intermediate Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.65500.65910.66180.66590.66860.67270.6754
Camarilla0.66270.66340.66400.66460.66520.66590.6665
Woodie0.65440.65880.66120.66560.66800.67240.6748
Fibonacci0.65910.66170.66330.66590.66850.67010.6727


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.65140.65520.66030.66410.66920.67300.6781
Camarilla0.66290.66370.66450.66530.66610.66690.6678
Woodie0.65200.65550.66090.66440.66980.67330.6787
Fibonacci0.65520.65860.66070.66410.66750.66960.6730


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.62580.63620.65070.66110.67560.68600.7005
Camarilla0.65850.66070.66300.66530.66760.66990.6722
Woodie0.62800.63720.65290.66210.67780.68700.7027
Fibonacci0.63620.64570.65160.66110.67060.67650.6860

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 56.25
MACD (12,26,9): -0.0003
Directional Movement: 2.2420
AROON (14): 100.0000
DEMA (21): 0.6648
Parabolic SAR (0,02-0,02-0,2): 0.6635
Elder Ray (13): 0.0002
Super Trend (3,10): 0.6668
Zig ZAG (10): 0.6661
VORTEX (21): 0.8482
Stochastique (14,3,5): 78.52
TEMA (21): 0.6647
Williams %R (14): -7.14
Chande Momentum Oscillator (20): 0.0021
Repulse (5,40,3): 0.2731
ROCnROLL: 1
TRIX (15,9): -0.0105
Courbe Coppock: 0.07
MA7: 0.6648
MA20: 0.6645
MA50: 0.6571
MA100: 0.6561
MAexp7: 0.6651
MAexp20: 0.6652
MAexp50: 0.6654
MAexp100: 0.6651
Price / MA7: +0.21%
Price / MA20: +0.26%
Price / MA50: +1.38%
Price / MA100: +1.54%
Price / MAexp7: +0.17%
Price / MAexp20: +0.15%
Price / MAexp50: +0.12%
Price / MAexp100: +0.17%

Quotes : - Real time data - Forex

News


Don't forget to follow the news on AUD/USD. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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