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AUD/USD Technical Analysis - AUD/USD Trading: 2022-11-01
AUD/USD Technical Analysis Summary
Above 0.6456
Buy Stop
Below 0.6404
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| 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 has breached above a resistance line and is rising above 200-period moving average MA(200) which is rising itself. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 0.6456. 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 0.6404. After placing the order, the stop loss is to be moved to the next fractal low indicator, 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
Australia’s central bank raised interest rates again. Will the AUDUSD price rebound continue?
Australia’s central bank raised interest rates again today: the Reserve Bank of Australia raised interest rates 25 basis points to 2.85% from 2.6%, in line with expectations. Higher interest rates are bullish for AUDUSD.
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