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Weekly forecast Australian Dollar / US Dollar technical chart
Symbol AUDUSD

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateAugust 12, 2017 - 11:44
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • The current trend is uptrend and the forecast is continuation of uptrend.

Technical analysis:

  • A trough is formed in daily chart at 0.7570 on 07/05/2017, so more gains to resistance(s) 0.7915, 0.8065, 0.8205 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Supports and Resistances:

  1. 0.6850
  2. 0.6940
  3. 0.7015
  4. 0.7145
  5. 0.7230
  6. 0.7330
  7. 0.7445
  8. 0.7540
  9. 0.7625
  10. 0.7710
  11. 0.7740
  12. 0.7830
  13. 0.7915
  14. 0.8065
  15. 0.8205
  16. 0.8545
  17. 0.8660
  18. 0.8865
  19. 0.9035
  20. 0.9415
Click on the level to view price action history.