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AUD/USD Technical Analysis - AUD/USD Trading: 2025-02-10
AUD/USD Technical Analysis Summary
Above 0.62779
Buy Stop
Below 0.624511
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
AUD/USD Chart Analysis
AUD/USD Technical Analysis
The technical analysis of the AUDUSD price chart on 1-hour timeframe shows AUDUSD,H1 is retracing up after retreating to test the 200-period moving average MA(200) which is tilting up. We believe the bullish momentum will continue after the price breaches above the upper bound of the Donchian channel at 0.62779. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.62451. After placing the order, the stop loss is to be moved to the next fractal low 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 building permits rose in December. Will the AUDUSD price rebounding continue?
Australia’s building permits rose in December: the Australian Bureau of Statistics reported seasonally adjusted estimate for total buildings approved in Australia increased by 0.7% over month to 15,174 units in December 2024, in line with a preliminary reading while shifting from a 3.4% decline in the previous month. The rebound was mainly supported by a strong jump in permits for private sector dwellings, excluding houses (15.2% vs -10.4% in November). Meanwhile, approvals for private sector houses shrank much steeper (-3.0% vs -1.7%). The rise in Australia’s building permits is bullish for Australian currency and the AUDUSD currency pair.
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