AUD/USD

- USD (-)

- Real time data - Forex

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Type:	Forex
Ticker:	AUDUSD
ISIN:

AUD/USD - Daily - Technical analysis published on 07/06/2020 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Bullish

De fond: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.6874 USD

My targets

0.7022 USD (+0.0041)

0.7346 USD (+0.0365)

My analysis

The basic bullish trend is very strong on AUD/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.6874 USD. Crossing the first resistance at 0.7022 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.7346 USD as an objective. Crossing it would then enable buyers to target 0.7736 USD. Caution, a return to below 0.6874 USD would be a sign of a consolidation phase in the short-term basic trend. 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

7.5

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 Remo. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AUD/USD price is 0.6981 USD. The price has increased by +0.58% since the last closing with the lowest point at 0.6923 USD and the highest point at 0.6988 USD. The deviation from the price is +0.84% for the low point and -0.10% for the high point.

0.6923

0.6988

0.6981

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of AUD/USD in Daily shows a strongly overall bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

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 a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.6297	0.6551	0.6874	0.6981	0.7022	0.7346	0.7736
Change (%)	-9.80%	-6.16%	-1.53%	-	+0.59%	+5.23%	+10.82%
Change	-0.0684	-0.0430	-0.0107	-	+0.0041	+0.0365	+0.0755
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Intermediate

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	0.6887	0.6900	0.6921	0.6934	0.6955	0.6968	0.6989
Camarilla	0.6932	0.6935	0.6938	0.6941	0.6944	0.6947	0.6950
Woodie	0.6890	0.6902	0.6924	0.6936	0.6958	0.6970	0.6992
Fibonacci	0.6900	0.6913	0.6921	0.6934	0.6947	0.6955	0.6968

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6745	0.6788	0.6865	0.6908	0.6985	0.7028	0.7105
Camarilla	0.6908	0.6919	0.6930	0.6941	0.6952	0.6963	0.6974
Woodie	0.6761	0.6797	0.6881	0.6917	0.7001	0.7037	0.7121
Fibonacci	0.6788	0.6834	0.6863	0.6908	0.6954	0.6983	0.7028

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.6255	0.6449	0.6675	0.6869	0.7095	0.7289	0.7515
Camarilla	0.6785	0.6823	0.6862	0.6900	0.6939	0.6977	0.7016
Woodie	0.6270	0.6457	0.6690	0.6877	0.7110	0.7297	0.7530
Fibonacci	0.6449	0.6610	0.6709	0.6869	0.7030	0.7129	0.7289

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.41
MACD (12,26,9):	0.0056
Directional Movement:	11.6342
AROON (14):	71.4286
DEMA (21):	0.6965
Parabolic SAR (0,02-0,02-0,2):	0.6809
Elder Ray (13):	0.0049
Super Trend (3,10):	0.6716
Zig ZAG (10):	0.6973
VORTEX (21):	0.9960
Stochastique (14,3,5):	80.62
TEMA (21):	0.6940
Williams %R (14):	-7.69
Chande Momentum Oscillator (20):	0.0119
Repulse (5,40,3):	1.3113
ROCnROLL:	1
TRIX (15,9):	0.1394
Courbe Coppock:	0.50

MA7:	0.6912
MA20:	0.6901
MA50:	0.6720
MA100:	0.6516
MAexp7:	0.6926
MAexp20:	0.6882
MAexp50:	0.6750
MAexp100:	0.6666
Price / MA7:	+1.00%
Price / MA20:	+1.16%
Price / MA50:	+3.88%
Price / MA100:	+7.14%
Price / MAexp7:	+0.79%
Price / MAexp20:	+1.44%
Price / MAexp50:	+3.42%
Price / MAexp100:	+4.73%

Quotes : 2020-07-06 14:47:08 - 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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