AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - 1H - Technical analysis published on 05/15/2024 (GMT)

Londinia

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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

44%

50%

My opinion

Bullish above 0.6629 USD

My targets

0.6675 USD (+0.0034)

0.6731 USD (+0.0090)

My analysis

The bullish trend is currently very strong on AUD/USD. As long as the price remains above the support at 0.6629 USD, you could try to benefit from the boom. The first bullish objective is located at 0.6675 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.6731 USD as an objective. Crossing it would then enable buyers to target 0.6864 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.3

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

AUD/USD rating 0.6641 USD. On the day, this instrument gained +0.26% with the lowest point at 0.6622 USD and the highest point at 0.6651 USD. The deviation from the price is +0.29% for the low point and -0.15% for the high point.

0.6622

0.6651

0.6641

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 HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of AUD/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6586	0.6598	0.6629	0.6641	0.6644	0.6675	0.6864
Change (%)	-0.83%	-0.65%	-0.18%	-	+0.05%	+0.51%	+3.36%
Change	-0.0055	-0.0043	-0.0012	-	+0.0003	+0.0034	+0.0223
Level	Intermediate	Minor	Major	-	Minor	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6545	0.6563	0.6593	0.6611	0.6641	0.6659	0.6689
Camarilla	0.6611	0.6615	0.6620	0.6624	0.6628	0.6633	0.6637
Woodie	0.6552	0.6566	0.6600	0.6614	0.6648	0.6662	0.6696
Fibonacci	0.6563	0.6581	0.6592	0.6611	0.6629	0.6640	0.6659

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6473	0.6515	0.6559	0.6601	0.6645	0.6687	0.6731
Camarilla	0.6578	0.6586	0.6594	0.6602	0.6610	0.6618	0.6626
Woodie	0.6473	0.6516	0.6559	0.6602	0.6645	0.6688	0.6731
Fibonacci	0.6515	0.6548	0.6569	0.6601	0.6634	0.6655	0.6687

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):	60.44
MACD (12,26,9):	0.0007
Directional Movement:	2.1850
AROON (14):	42.8571
DEMA (21):	0.6645
Parabolic SAR (0,02-0,02-0,2):	0.6651
Elder Ray (13):	0.0001
Super Trend (3,10):	0.6621
Zig ZAG (10):	0.6642
VORTEX (21):	1.1184
Stochastique (14,3,5):	69.57
TEMA (21):	0.6647
Williams %R (14):	-30.00
Chande Momentum Oscillator (20):	0.0017
Repulse (5,40,3):	0.0046
ROCnROLL:	1
TRIX (15,9):	0.0172
Courbe Coppock:	0.56

MA7:	0.6609
MA20:	0.6548
MA50:	0.6547
MA100:	0.6570
MAexp7:	0.6641
MAexp20:	0.6635
MAexp50:	0.6623
MAexp100:	0.6613
Price / MA7:	+0.48%
Price / MA20:	+1.42%
Price / MA50:	+1.44%
Price / MA100:	+1.08%
Price / MAexp7:	+0.02%
Price / MAexp20:	+0.11%
Price / MAexp50:	+0.29%
Price / MAexp100:	+0.44%

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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