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AUD/USD Technical Analysis - AUD/USD Trading: 2023-03-07
AUD/USD Technical Analysis Summary
Below 0.6667
Sell Stop
Above 0.6718
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
AUD/USD Chart Analysis
AUD/USD Technical Analysis
The technical analysis of the AUDUSD price chart on 1-hour timeframe shows AUDUSD: H1 is falling under 200-period moving average MA(200) which is declining itself. The RSI is in the oversold zone. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 0.6667. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 0.6718. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - AUD/USD
Australia’s central bank raised interest rates again. Will the AUDUSD price retreating reverse?
Australia’s central bank raised interest rates again today: the Reserve Bank of Australia raised interest rates 25 basis points to 3.6% from 3.35%, in line with expectations. Higher interest rates are bullish for AUDUSD. However, the current setup is bearish for the pair.
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