Is This the Best Time to Buy or Sell AUDUSD Find Out Now!
Is This the Best Time to Buy or Sell AUDUSD Find Out Now!
Is This the Best Time to Buy or Sell AUDUSD Find Out Now!
Is This the Best Time to Buy or Sell AUDUSD Find Out Now!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Chart Pattern
- The price is consolidating near the 0.63 level, suggesting indecision.
- Moving averages are converging, indicating a potential breakout soon.
- The pair has been trading in a range-bound structure with multiple rejections around 0.6310 and support at 0.6280.
Dow Theory
- Primary trend: Bearish, as seen from the overall downtrend since early February.
- Secondary trend: Sideways, with price attempting to hold support near 0.63.
- Minor trend: Short-term pullbacks, showing buying interest at lower levels.
Upcoming Events to Watch
- US economic data (NFP, CPI, Fed decisions) – affects USD strength.
- Australian economic reports (employment data, RBA statements) – impacts AUD movement.
- Global risk sentiment – as a commodity currency, AUD reacts to stock market trends & China’s economic outlook.
Volume Analysis
- Volume is relatively low, indicating a lack of strong buying or selling pressure.
- A spike in volume could confirm the direction of the next move.
Final Takeaway
- AUD/USD is at a key decision level around 0.63.
- A break above 0.6315 could trigger bullish momentum.
- A drop below 0.6280 would confirm further downside.
Breakout Strategy (Bullish)
- Entry: Above 0.6315 | Stoploss: Below 0.6290 (recent support).
- Target 1: 0.6350 | Target 2: 0.6380.
Breakdown Strategy (Bearish)
- Entry: Below 0.6280 (break of support) | Stoploss: Above 0.6305.
- Target 1: 0.6250 | Target 2: 0.6225.
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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