AUD/USD Technical Analysis Summary
Buy Stop:Above 0.7159
Stop Loss:Below 0.7131
| Indicator | Signal |
|---|---|
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
AUD/USD Chart Analysis
AUD/USD Technical Analysis
The technical analysis of the AUDUSD price chart on 1-hour timeframe shows AUDUSD: H1 is attempting to rebound after hitting 15-month low a day ago under the 200-period moving average MA(200) which is falling. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.7159. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.7131. After placing the order, the stop loss is to be moved to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - AUD/USD
Australian business profits continued to rise in third quarter. Will the AUDUSD price continue rebounding?
Australian business profits continued to rise in third quarter. The Australian Bureau of Statistics reported Corporate profits in Australia expanded by 4.0% over quarter in Q3, beating market expectations of 3% and following a 7.1% rise in Q2. This is bullish for AUDUSD.