AUDUSD Technical Analysis: Weekly Chart

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

It is trading above all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 0.74592 and the resistance level is at 0.77038

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 an upward channel.

It is trading above all SMAs: MA (5), MA (20), and MA (50).

The immediate support is 0.75330 and the resistance level is 0.76968

AUDUSD is trading in an upward 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 0.77082, TAKE PROFIT AT 0.78182 AND STOP LOSS AT 0.76170