Technical Analytics Report

AUD/USD Technical Analysis 18 Jan 2021

 AUD/USD, H4

 A downtrend is forming on the H4 chart. The instrument is decreasing along the lower border of Bollinger Bands; the indicator cloud is expanding, preservation of the downtrend is likely in the short term. The MACD histogram is in the negative area, gradually increasing volumes; the signal line reverses downwards, preparing to cross the zero line and forming a signal to open short positions. Stochastic is at the border of the neutral area with the oversold area; the oscillator lines are directed horizontally, without forming a definite signal to enter the market.

 

AUD/USD, D1

D1 chart shows the correction of upward movement. The instrument has corrected to the center line of Bollinger bands, the indicator cloud is expanded; growth is likely to resume in the medium term after completion of the correction. MACD histogram is in the positive zone preserving stable volumes and a steady signal for opening long positions. Stochastic is in the neutral zone and the oscillator lines reversed downwards from the border with the overbought zone.

Key levels 

Resistance levels: 0.7700, 0.7730, 0.7760, 0.7790, 0.7820.

Support levels: 0.7670, 0.7640, 0.7600. 

Trading tips

Long positions may be opened from the level of 0.7730 with target at 0.7780 and stop-loss at 0.7700. Implementation time: 1-3 days. Short positions may be opened from the level of 0.7690 with target at 0.7640. Stop-loss – 0.7720. 

Buy Sell Spread: 0.76696 0.76674 22

Scenario

Timeframe Day’s Range

Recommendations BUY STOP

Entry Point 0.7730

Take Profit 0.7780

Stop Loss 0.7700

Support levels 0.7600, 0.7640, 0.7670, 0.7700, 0.7730, 0.7760, 0.7790, 0.7820

Alternative scenario

Recommendations SELL STOP

Entry Point 0.7690

Take Profit 0.7640

Stop Loss 0.7720

Support levels 0.7600, 0.7640, 0.7670, 0.7700, 0.7730, 0.7760, 0.7790, 0.7820

 

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