AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 05/02/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

28%

My opinion

Bullish above 0.6517 USD

My targets

0.6552 USD (+0.0016)

0.6587 USD (+0.0051)

My analysis

AUD/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.6517 USD. The next resistance located at 0.6552 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.6587 USD. After this resistance, buyers could then target 0.6634 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.5

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 price is 0.6536 USD. On the day, this instrument gained +0.09% with the lowest point at 0.6515 USD and the highest point at 0.6539 USD. The deviation from the price is +0.32% for the low point and -0.05% for the high point.

0.6515

0.6539

0.6536

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, which identifies the highest / lowest, has detected several elements:

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

Technical analysis of AUD/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 82.14% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6483	0.6498	0.6517	0.6536	0.6552	0.6587	0.6634
Change (%)	-0.81%	-0.58%	-0.29%	-	+0.24%	+0.78%	+1.50%
Change	-0.0053	-0.0038	-0.0019	-	+0.0016	+0.0051	+0.0098
Level	Minor	Intermediate	Minor	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6408	0.6437	0.6483	0.6512	0.6558	0.6587	0.6633
Camarilla	0.6509	0.6516	0.6523	0.6530	0.6537	0.6544	0.6551
Woodie	0.6418	0.6441	0.6493	0.6516	0.6568	0.6591	0.6643
Fibonacci	0.6437	0.6465	0.6483	0.6512	0.6540	0.6558	0.6587

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	0.6060	0.6211	0.6343	0.6494	0.6626	0.6777	0.6909
Camarilla	0.6397	0.6423	0.6449	0.6475	0.6501	0.6527	0.6553
Woodie	0.6051	0.6206	0.6334	0.6489	0.6617	0.6772	0.6900
Fibonacci	0.6211	0.6319	0.6386	0.6494	0.6602	0.6669	0.6777

Numerical data

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

Technical indicators

Moving averages

RSI (14):	63.73
MACD (12,26,9):	0.0012
Directional Movement:	13.4123
AROON (14):	0
DEMA (21):	0.6530
Parabolic SAR (0,02-0,02-0,2):	0.6486
Elder Ray (13):	0.0013
Super Trend (3,10):	0.6498
Zig ZAG (10):	0.6537
VORTEX (21):	1.2063
Stochastique (14,3,5):	89.47
TEMA (21):	0.6542
Williams %R (14):	-7.02
Chande Momentum Oscillator (20):	0.0048
Repulse (5,40,3):	0.1135
ROCnROLL:	1
TRIX (15,9):	0.0201
Courbe Coppock:	1.25

MA7:	0.6522
MA20:	0.6502
MA50:	0.6532
MA100:	0.6582
MAexp7:	0.6531
MAexp20:	0.6517
MAexp50:	0.6511
MAexp100:	0.6511
Price / MA7:	+0.21%
Price / MA20:	+0.52%
Price / MA50:	+0.06%
Price / MA100:	-0.70%
Price / MAexp7:	+0.08%
Price / MAexp20:	+0.29%
Price / MAexp50:	+0.38%
Price / MAexp100:	+0.38%

Quotes : - Real time data - Forex

News

Don't forget to follow the news on AUD/USD. At the time of publication of this analysis, the latest news was as follows:

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

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