Antony_NPBFX
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AUD/USD: technical analysis 31.12.2021
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The AUD/USD pair continues to correct upward against the medium-term downtrend.
This week, the price reached the level of 0.7263 (Murrey [3/8], Fibonacci correction 50.0%), but it still cannot consolidate above it. The breakout of 0.7263 will give the prospect of further upward dynamics of the asset to the levels of 0.7325 (Murrey [4/8], Fibonacci correction 61.8%), 0.7385 (Murrey [5/8]), and 0.7446 (Murrey [6/8]). The key "bearish" level is 0.7200 (Murrey [2/8], Fibonacci correction 38.2%), supported by the middle line of Bollinger bands. In case of its breakdown, the decline in the AUD/USD pair may continue to the area of 0.7120 (Fibonacci correction 23.6%), 0.7080 (Murrey [0/8]), and 0.7020 (Murrey [–1/8]).
In general, the short-term upward trend persists, which is confirmed by an upward reversal of Bollinger bands and an increase in the MACD histogram in the positive zone, but Stochastic's exit from the overbought zone does not exclude a price rollback to 0.7200, but this is unlikely to lead to a reversal of the current trend.
Support and resistance
Resistance levels: 0.7263, 0.7325, 0.7385, 0.7446.
Support levels: 0.7200, 0.7120, 0.7080, 0.7020.
Trading tips
Long positions may be opened if the price consolidates above 0.7263 with the targets at 0.7325, 0.7385, 0.7446, and stop loss 0.7220. Implementation period: 5–7 days.
Short positions may be opened below 0.7200 with the targets at 0.7120, 0.7080, 0.7020, and stop loss 0.7247.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on AUD/USD for a better understanding of the current market situation and more efficient trading.
Current trend
The AUD/USD pair continues to correct upward against the medium-term downtrend.
This week, the price reached the level of 0.7263 (Murrey [3/8], Fibonacci correction 50.0%), but it still cannot consolidate above it. The breakout of 0.7263 will give the prospect of further upward dynamics of the asset to the levels of 0.7325 (Murrey [4/8], Fibonacci correction 61.8%), 0.7385 (Murrey [5/8]), and 0.7446 (Murrey [6/8]). The key "bearish" level is 0.7200 (Murrey [2/8], Fibonacci correction 38.2%), supported by the middle line of Bollinger bands. In case of its breakdown, the decline in the AUD/USD pair may continue to the area of 0.7120 (Fibonacci correction 23.6%), 0.7080 (Murrey [0/8]), and 0.7020 (Murrey [–1/8]).
In general, the short-term upward trend persists, which is confirmed by an upward reversal of Bollinger bands and an increase in the MACD histogram in the positive zone, but Stochastic's exit from the overbought zone does not exclude a price rollback to 0.7200, but this is unlikely to lead to a reversal of the current trend.
Support and resistance
Resistance levels: 0.7263, 0.7325, 0.7385, 0.7446.
Support levels: 0.7200, 0.7120, 0.7080, 0.7020.
Trading tips
Long positions may be opened if the price consolidates above 0.7263 with the targets at 0.7325, 0.7385, 0.7446, and stop loss 0.7220. Implementation period: 5–7 days.
Short positions may be opened below 0.7200 with the targets at 0.7120, 0.7080, 0.7020, and stop loss 0.7247.
Use more opportunities of the NPBFX analytical portal: analytics
You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on AUD/USD and trade efficiently with NPBFX.