27 Apr
AUDUSD Technical Analysis: Weekly Chart
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
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:
