Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
AUDUSD Price Analysis – April 1
The AUDUSD pair plunges to the 4th day in a row low on Thursday after buyers repeatedly failed to breach beyond the MA 13 barrier around the mid 0.7600 level. The pair extends losses to 0.7531 low level as the upbeat US economic outlook capped gains for the AUDUSD and prompted some fresh selling at top zones.
Key Levels
Resistance levels: 0.8000, 0.7800, 0.7650
Support Levels: 0.7461, 0.7220, 0.7000
AUDUSD Long term Trend: Ranging
The AUDUSD has breached the minor support level at 0.7557 level at the beginning of the European session. A break lower is a sell signal targeting the sub 0.7500 levels, perhaps as far as strong support at 0.7461 level for profit-taking on shorts. All things being equal, the AUDUSD exchange rate could continue to edge lower during the following trading session.
The potential target for bears would be near the 0.7414 level. In the larger context, while the retracement from the 0.8000 level is ongoing, there is not enough evidence to confirm bullish trend reversal yet. That is, it could be just a correction inside the long-term consolidation trend. On the upside, a bullish return past the 0.7650 level will return buyers’ confidence to a higher level.
AUDUSD Short term Trend: Bearish
On the 4-hour time frame, the momentum indicators, though, are currently encouraging an ongoing sell-off in the very short-term. The RSI is returning towards the oversold threshold of 30, while the 4-hour moving averages 5 and 13 are falling and above price while still in the negative region.
However, a closing price above the minor resistance at 0.7650 level in subsequent sessions could boost buying interest and confirm additional gains towards the 0.7800 barriers, being high of March 2021. In the event of a solid rebound, the 0.8000 barriers could be the next target which is the resistance identified in February 2021.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
