AUDUSD Technical Analysis: Weekly Chart

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

It is trading below all SMAs: MA (20), MA (50), and MA (100).

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

The immediate support is at 0.71074 and the resistance level is at 0.73086

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 MA (20) and MA (50) but below MA (100).

RSI is in buying zone which indicates bullishness. MACD is currently trading above zero which indicates bullishness.

The immediate support is at 0.71414 and the resistance level is at 0.72562

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 and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 0.70778, TAKE PROFIT AT 0.68736, AND STOP-LOSS AT 0.72020