Review Brokers
No Result
View All Result
Friday, January 27, 2023
  • Login
BlackridgeCM
ADVERTISEMENT
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Broker 2022
    • Economic Calendar
    • Contact Us
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Forex Trading Strategies
    • Forex Trading Indicators
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Affiliate Program
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Forex Live Contest
    • Forex Deposit Bonus
    • Other Promotions
  • Expert Advisors
    • Expert Advisors Price
No Result
View All Result
Review Brokers
No Result
View All Result

Technical analysis: AUD/USD around 0.7100 mark but bearish risks linger

Admin by Admin
May 14, 2022
in Forex/CFDs/Cryptos News
0
XMGroup
0
SHARES
2
VIEWS

XM Group

AUDUSD has snagged around the 0.7100 handle, trading in between the Ichimoku lines, after the pair’s fresh bounce in the vicinity of three-month lows at 0.7029. The pair is finding difficulty to reach yesterday’s intraday high of 0.7147 despite the Reserve Bank of Australia’s larger interest rate hike earlier today, which kept the pair bid in the Asian session. That said, the bearish simple moving averages (SMAs) are endorsing the negative trajectory in the pair.

Currently, the Ichimoku lines indicate a pause in the negative forces, while the short-term oscillators are painting a conflicting picture in directional momentum. The MACD is strengthening over its red trigger line in the negative region, while the stochastic %K line has dipped back below the %D line, promoting growing downward momentum. Meanwhile, after a retest of the 50 level, the now neutral RSI is struggling to push clearly into the bullish zone.

If the 0.7100 hurdle obstructs gains in the pair and sellers steer the price visibly underneath the red Tenkan-sen line at 0.7086, the door could then open for a retest of the three-month trough of 0.7029. If the downward bearing is rekindled, the bears may target the 0.6963-0.6973 support band, formed by the mid-July 2020 lows and the January 28 trough. Should the descent endure, the price could seek out the key 0.6921 support base, shaped by multiple lows over the first half of July 2020. From here, a deeper move could then encounter downside friction within the 0.6900 and the 0.6876 support barriers.

Otherwise, if buyers re-emerge and drive the pair past the blue Kijun-sen line at 0.7110, they could then meet initial resistance at 0.7147. The path higher is paved with congested obstacles, starting with a resistance area linking the descending 50-period SMA at 0.7168 with the 0.7190 high, coinciding with the Ichimoku cloud’s lower band. Climbing further, the bulls may then face the 0.7228-0.7251 resistance band. Overstepping the cloud and approaching 100-period SMA, currently at 0.7289, buyers could aim for the 0.7342 border before attempting to challenge the 200-period SMA.

Summarizing, AUDUSD is sustaining a bearish bias beneath the falling SMAs and the 0.7190 high. That said, a climb in the price above the 0.7228-0.7251 resistance barrier could likely feed positive prospects.

 XMGroup

Source: FXStreet – XM Group – Anthony Charalambous, CFTe

Post Views: 475

Related posts:

XMGroupUSD/CHF Stretches Winning Streak To 2-Year High; Is The Rally Overdone? roboforexMurrey math lines: EUR/USD, GPB/USD AxioryMost of the instruments locked inside of the sideways trends ahead of the of the FOMC (Video) Forex NewsTechnical analysis: USD/CAD climbs beyond 1.30 mark, logs 17½-month high [Video] OctaFXUSD/JPY spikes to multi-decade high after BOJ decision FxProGold and silver at the lower limits Windsor BrokersGBP/USD outlook: BoE is on course for 0.25% hike but traders focus on signals about cb’s future steps Forex NewsStocks in a bind post-Fed
Tags: AUDUSD NewsBroker NewsForex NewsTechnical analysisXM Group
30 USD No Deposit Bonus 30 USD No Deposit Bonus 30 USD No Deposit Bonus
Previous Post

Gold and silver at the lower limits

Next Post

Murrey math lines: EUR/USD, GPB/USD

Admin

Admin

Related Posts

XM Group
Forex Rebate (Cashback)

XM Group | Loyalty Program

January 12, 2023
AUDUSD
Forex/CFDs/Cryptos News

Australian Dollar shrugs as CPI jumps

January 11, 2023
XMGroup
Other Promotions

XM Group | Trade Faster with the Free XM VPS

December 1, 2022
AUDUSD
Forex/CFDs/Cryptos News

Aussie higher after CPI dips

November 30, 2022
FXcurrencies
Forex/CFDs/Cryptos News

Forex Forecast: AUD/USD, GBP/USD, USD/CHF, Brent, EUR/GBP

November 30, 2022
XMGroup
Forex Deposit Bonus

XM Group | 20% Deposit Bonus

November 29, 2022
Load More
Next Post
roboforex

Murrey math lines: EUR/USD, GPB/USD

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
PrimeXBT

PrimeXBT | Step2earn Contest (06.06.22)

May 31, 2022
FBS

FBS | $100 Quick Start Bonus

September 5, 2022
PrimeXBT

PrimeXBT | TradinatoR Contest (27.06.22)

June 6, 2022
xtrade

XTrade | Xmas Season Bonus (26.12.21)

May 24, 2022
CMC Markets

What Is Bitcoin?

52
forexknowledge

What is Forex?

32
Tiomarkets

MT4 vs MT5: What trading platform to choose?

31
CMC Markets

What Is Ethereum?

29
HF Markets

HF Markets | 2023 Traders Awards

January 12, 2023
XM Group

XM Group | Loyalty Program

January 12, 2023
MarketNews

Awaiting key US inflation data on Thursday

January 11, 2023
AUDUSD

Australian Dollar shrugs as CPI jumps

January 11, 2023

Advertisement

exness

fbs

XM





300_250_en stocks

deriv

Recent Posts

  • HF Markets | 2023 Traders Awards
  • XM Group | Loyalty Program
  • Awaiting key US inflation data on Thursday
  • Australian Dollar shrugs as CPI jumps
  • Ichimoku cloud analysis: EUR/USD, NZD/USD, USD/CAD

Connect to ReviewBrokers

facebook twitter telegram
liveinternet liveinternet
Review Brokers

ReviewBrokers Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact us:
– Skype: fxvnpro
– Email:

admin@reviewbrokers.com

reviewbrokers.net@gmail.com

Payment methods:
– Webmoney
– Perfect Money
– Paypal
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Categories

  • Affiliate Program (64)
  • Best Promotions (39)
  • Broker Listing (9)
  • Education (83)
  • Forex Demo Contest (33)
  • Forex Deposit Bonus (226)
  • Forex Live Contest (47)
  • Forex No Deposit Bonus (25)
  • Forex Rebate (Cashback) (59)
  • Forex Trading Indicators (25)
  • Forex Trading Strategies (15)
  • Forex/CFDs/Cryptos News (882)
  • Other Promotions (49)
  • Promotional Content (10)

Disclaimer

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in the Financial Market such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. ReviewBrokers is not responsible for any information on the website.

Recent Posts

  • HF Markets | 2023 Traders Awards
  • XM Group | Loyalty Program
  • Awaiting key US inflation data on Thursday
  • Australian Dollar shrugs as CPI jumps
  • Ichimoku cloud analysis: EUR/USD, NZD/USD, USD/CAD
  • Asia outlook 2023: Darkest before the dawn
  • Stop fighting the Fed [Video]
  • FBS | LEAGUE Match 16.101.23
  • MFMSecurities | $30 Welcome Bonus
  • SimpleFX | 5% Cashback
  • Risk appetite finding some tailwinds
  • ‘Risk on’ for currencies

Risk warning

Please be aware of your investment into trading markets which is high risk and not suitable for everyone.

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

No Result
View All Result
  • Home
    • Binary Options Brokers
    • Forex Advertising
    • Best Brokers 2022
    • Economic Calendar
    • Contact Us
  • Expert Advisors
    • Expert Advisors Price
  • Forex Brokers
  • Education
    • Forex/CFDs/Cryptos News
    • Promotional Content
  • Forex Promotions
    • Best Promotions
    • Forex No Deposit Bonus
    • Forex Demo Contest
    • Forex Rebate (Cashback)
    • Affiliate Program
    • Forex Deposit Bonus
    • Forex Live Contest
    • Other Promotions

© 2011 - 2022 ReviewBrokers - Forex Brokers Review | Forex Promotions & Bonuses.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/betbonus/reviewbrokers.net/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111