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 0.64800 the resistance level is at 0.65400

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 except MA (5).

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

Its immediate support is 0.64900 the resistance level is at 0.65500

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 0.65089, TAKE PROFIT AT 0.64800 AND STOP LOSS AT 0.65450.