AUDUSD Technical Analysis: Weekly Chart

In the weekly charts, AUDUSD is trading in a down channel. AUDUSD is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.62000 the resistance level is at 0.62800

AUDUSD will trade in a down channel until there is a trend reversal.

AUDUSD Technical Analysis: Daily Chart

In the daily charts, AUDUSD is trading in a down channel. AUDUSD is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 0.62000 the resistance level is at 0.63000

AUDUSD will trade in a down channel until there is a trend reversal.  

How to Trade AUDUSD this Week:

AUDUSD will follow the downtrend until its trend reversal. So, remain bearish on AUDUSD.

TRADE SUGGESTION- SELL AT 0.62575, TAKE PROFIT AT 0.62000 AND STOP LOSS AT 0.62800