. Currency Pair AUDUSD Technical Analysis, Price Chart and News

Currency Pair AUDUSD Technical Analysis, Price Chart and News

Currency Pair AUDUSD Technical Analysis, Price Chart and News

27 Apr 2022

AUDUSD Technical Analysis: Weekly Chart

AUDUSD Technical Analysis

In the weekly charts, AUDUSD is trading below its previous upward channel.

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

The immediate support is at 0.70256 and the resistance level is at 0.72758

AUDUSD is trading outside and below its previous upward channel until there is a trend reversal.

AUDUSD Technical Analysis: Daily Chart

AUDUSD Technical Analysis

In the daily charts, AUDUSD is trading in a downward channel.

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

The immediate support is at 0.71172 and the resistance level is at 0.72140

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

How to trade AUDUSD this week:

AUDUSD is trading outside and below its previous upward channel and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 0.70004, TAKE PROFIT AT 0.68000 AND STOP LOSS AT 0.71554