AUD/USD Retraces To Level 0.7760, Resumes Upside Momentum
Login

AUD/USD Retraces To Level 0.7760, Resumes Upside Momentum

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Key Resistance Levels: 0.8000, 0.8100, 0.8200
Key Support Levels: 0.7700, 0.7600, 0.7500

AUD/USD Price Long-term Trend: Bullish
The AUD/USD pair is in an uptrend. The uptrend is facing resistance at level 0.8000. On February 25 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the price will rise to level 2.618 Fibonacci extensions or level 0.8697 .

AUD/USD – Daily Chart

Daily Chart Indicators Reading:
The pair is at level 52 of the Relative Strength Index period 14. This indicates that the pair is now in the uptrend zone and above the centerline 50. The pair has room to rally on the upside.

AUD/USD Medium-term Trend: Bullish
On the 4-hour chart, the pair fell to level 0.7700 and resumed a fresh uptrend. On March 17 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 1.618 Fibonacci extensions or level 0.7942.

AUD/USD – 4 Hour Chart

4-hour Chart Indicators Reading
The AUD/USD pair is currently below the 80% range of the daily stochastic. It indicates that the pair is in the bearish momentum. The SMAs are sloping upward indicating an uptrend.

General Outlook for AUD/USD
The AUD/USD pair is in an uptrend. Presently, the pair is retracing on the downside. The uptrend will resume as soon as price finds support above the 21-day SMA.


You can purchase crypto coins here: Buy Coins

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News