AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
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AUD/USD - 1H - Technical analysis published on 04/29/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.6530 USD

My targets

0.6589 USD (+0.0038)

0.6631 USD (+0.0080)

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 0.6530 USD. The buyers' bullish objective is set at 0.6589 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.6631 USD. If there is any crossing, the next objective would be the resistance located at 0.6787 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

Comment on the analysis

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.

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

Additional analysis

Quotes

The AUD/USD rating is 0.6551 USD. The price registered an increase of +0.14% on the session and was traded between 0.6536 USD and 0.6553 USD over the period. The price is currently at +0.23% from its lowest and -0.03% from its highest.

0.6536

0.6553

0.6551

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 for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this AUD/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6411	0.6490	0.6530	0.6551	0.6552	0.6631	0.6787
Change (%)	-2.14%	-0.93%	-0.32%	-	+0.02%	+1.22%	+3.60%
Change	-0.0140	-0.0061	-0.0021	-	+0.0001	+0.0080	+0.0236
Level	Intermediate	Major	Minor	-	Intermediate	Major	Minor

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
Standard	0.6512	0.6518	0.6530	0.6536	0.6548	0.6554	0.6566
Camarilla	0.6537	0.6539	0.6540	0.6542	0.6544	0.6545	0.6547
Woodie	0.6515	0.6520	0.6533	0.6538	0.6551	0.6556	0.6569
Fibonacci	0.6518	0.6525	0.6529	0.6536	0.6543	0.6547	0.6554

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6295	0.6351	0.6442	0.6498	0.6589	0.6645	0.6736
Camarilla	0.6493	0.6506	0.6520	0.6533	0.6547	0.6560	0.6573
Woodie	0.6313	0.6360	0.6460	0.6507	0.6607	0.6654	0.6754
Fibonacci	0.6351	0.6407	0.6442	0.6498	0.6554	0.6589	0.6645

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6249	0.6363	0.6439	0.6553	0.6629	0.6743	0.6819
Camarilla	0.6462	0.6479	0.6497	0.6514	0.6531	0.6549	0.6566
Woodie	0.6229	0.6354	0.6419	0.6544	0.6609	0.6734	0.6799
Fibonacci	0.6363	0.6436	0.6481	0.6553	0.6626	0.6671	0.6743

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	61.93
MACD (12,26,9):	0.0005
Directional Movement:	12.4295
AROON (14):	-21.4286
DEMA (21):	0.6543
Parabolic SAR (0,02-0,02-0,2):	0.6518
Elder Ray (13):	0.0010
Super Trend (3,10):	0.6520
Zig ZAG (10):	0.6551
VORTEX (21):	1.0872
Stochastique (14,3,5):	84.58
TEMA (21):	0.6542
Williams %R (14):	-2.86
Chande Momentum Oscillator (20):	0.0025
Repulse (5,40,3):	0.2547
ROCnROLL:	1
TRIX (15,9):	0.0089
Courbe Coppock:	0.09

MA7:	0.6512
MA20:	0.6510
MA50:	0.6534
MA100:	0.6583
MAexp7:	0.6542
MAexp20:	0.6536
MAexp50:	0.6525
MAexp100:	0.6507
Price / MA7:	+0.60%
Price / MA20:	+0.63%
Price / MA50:	+0.26%
Price / MA100:	-0.49%
Price / MAexp7:	+0.14%
Price / MAexp20:	+0.23%
Price / MAexp50:	+0.40%
Price / MAexp100:	+0.68%

Quotes : - Real time data - Forex

News

The latest news and videos published on AUD/USD at the time of the analysis were as follows:

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

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