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 at 0.73230 and the resistance level is at 0.75982.

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 in a downward channel.

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

The immediate support is at 0.73756 and the resistance level is at 0.74558

AUDUSD is trading in a downward channel until there is a trend reversal.

How to trade AUDUSD this week:

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

TRADE SUGGESTION: BUY AT 0.74568, TAKE PROFIT AT 0.76055 AND STOP LOSS AT 0.73268