AUD/USD Momentum Unveiled: Is the Next Big Move Coming?
AUD/USD Momentum Unveiled: Is the Next Big Move Coming?
AUD/USD Momentum Unveiled: Is the Next Big Move Coming?
AUD/USD Momentum Unveiled: Is the Next Big Move Coming?
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant Upcoming Events
- Keep an eye on economic data releases, earnings reports, or geopolitical events that may impact price movements.
- Interest rate decisions and inflation reports could influence the market direction.
Trend Analysis
- Uptrend confirmed: The price is making higher highs and higher lows.
- Moving averages are acting as dynamic support, with the price trading above the 50-day, 100-day , and 200-day moving averages.
- Recent pullback could be a retracement before another upward move.
Observations
- RSI (Relative Strength Index) at 38.75: Approaching the oversold territory, indicating a potential buying opportunity if the trend holds.
- Momentum Indicator (99.78): Suggests bullish momentum but slightly weakening.
- Parabolic SAR: Recently showing a possible shift in trend with dots above the price, indicating a short-term correction.
Volume Analysis
- Volume at 488: Increasing volume during upward moves, confirming strength in the trend.
- If volume declines during pullbacks, it suggests a healthy retracement before resuming the uptrend.
Final Takeaway
- Bullish bias: The overall trend remains upward, but a short-term pullback is occurring.
- Watch for support levels around moving averages or previous swing lows.
- Breakout potential above recent highs could lead to further bullish moves.
Breakout Strategy (Bullish)
- Entry Point: Above 0.6375 with volume increase.
- Stop Loss: 0.6325 or 0.6300 | Target: 0.6400–0.6450.
Breakdown Strategy (Bearish)
- Entry Point: Below 0.6300 with volume increase.
- Stop Loss: 0.6350 or 0.6375 | Target: 0.6275–0.6200.
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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