- Analytics
- Technical Analysis
AUD USD Technical Analysis - AUD USD Trading: 2024-01-30
AUD/USD Technical Analysis Summary
Above 0.6624
Buy Stop
Below 0.6580
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Sell |
| Fractals | Buy |
| Parabolic SAR | Buy |
AUD/USD Chart Analysis
AUD/USD Technical Analysis
The AUDUSD technical analysis of the price chart on 4-hour timeframe shows AUDUSD, H4 is trading sideways under the 200-period moving average MA(200) which is flat. We believe the bullish movement will resume after the price breaches above the upper bound of the Donchian channel at 0.6624. 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 0.6580. 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 retail sales declined in December. Will the AUDUSD price start declining?
Australia’s retail sales declined in December: the Australian Bureau of Statistics reported Australia’s retail sales fell by 2.7% over month in December after 1.6% growth in previous month, when a 1.9% decrease was forecast. At the same time retail trade rose 0.8% compared with December 2022. All non-food constituents of retail trading declined. This is bearish for Australian dollar and hence AUDUSD. However the current setup is bullish for AUDUSD.
Explore our
Trading Conditions
- Spreads from 0.0 pip
- 30,000+ Trading Instruments
- Stop Out Level - Only 10%
Ready to Trade?
Open Account Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.