Is This the Perfect Buy Signal AUDUSD Key Levels Explained!
Is This the Perfect Buy Signal AUDUSD Key Levels Explained!
Is This the Perfect Buy Signal AUDUSD Key Levels Explained!
Is This the Perfect Buy Signal AUDUSD Key Levels Explained!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Chart Pattern
- Price is trading in a range-bound movement but showing signs of an uptrend.
- Higher lows are forming, suggesting a potential bullish breakout.
- 50 MA is crossing above the 150 and 200 MA, indicating short-term bullish momentum.
Upcoming Events
- Australia’s interest rate decision and employment data could impact AUD volatility.
- U.S. economic data such as Non-Farm Payrolls and CPI will influence USD movements.
- Risk sentiment in global markets (commodity prices, Chinese economic data) can affect AUD.
Volume Analysis
- Volume data is not available, but price action suggests recent buying interest.
- A rise in volume near key resistance at 0.6320 may confirm a breakout.
Observations
- RSI at 53.32 is neutral, with room for upside if momentum strengthens.
- CCI at 73.16 is positive, indicating mild bullish momentum.
- MACD shows a slight bullish crossover but lacks strong momentum.
- ADX at 28.87 is increasing, suggesting trend strength is building.
Final Takeaway
- If AUD/USD breaks above 0.6320, further upside is likely.
- If rejection occurs, price may retest support around 0.6260.
- Upcoming events will play a key role in deciding the next move.
Breakout Strategy (Bullish)
- Entry above 0.6325 for confirmation of breakout
- Stop-loss at 0.6300, below resistance
- Target 1 at 0.6350 | Target 2 at 0.6380
Breakdown Strategy (Bearish)
- Entry below 0.6260 for confirmation of breakdown
- Stop-loss at 0.6285, above support
- Target 1 at 0.6240 | Target 2 at 0.6210
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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