AUDUSD Technical Analysis: Weekly Chart

In the weekly charts, AUDUSD is trading in an upward channel.

It is trading below MA (5) but above MA (20) and MA (50).

The immediate support is 0.72896 and the resistance level is at 0.75460

AUDUSD is trading in an upward channel until there is a trend reversal.

AUDUSD Technical Analysis: Daily Chart

In the daily charts, AUDUSD is trading below its previous upward channel.

It is trading below MA (5) and MA (20) but above MA (50).

The immediate support is 0.73900 and the resistance level is at 0.74898

AUDUSD is trading below and outside its previous upward channel.

How to trade AUDUSD this week:

AUDUSD is trading in an upward channel until there is a trend reversal. The following opportunity can be taken:

TRADE SUGGESTION: BUY AT 0.75126, TAKE PROFIT AT 0.76872 AND STOP LOSS AT 0.73640