AUD/USD Technical Analysis: Weekly Chart Insights and Trends
AUD/USD TECHNICAL ANALYSIS: WEEKLY CHART
In the weekly chart, AUD/USD is trading in the down channel.
AUD/USD is currently trading below all SMA.
RSI is in buying zone, which shows bullishness. Stochastic is suggesting a downtrend.
Its immediate support is at 0.65736 & the resistance is at 0.66359
On the weekly chart, AUD/USD is trading lower and following a lower-low structure. Currently, the price has broken the bottom of the previous weeks and is trading at a key support level, a further decline is expected when this level is broken.
AUD/USD TECHNICAL ANALYSIS: DAILY CHART
In the daily chart, AUD/USD is trading in the down channel.
AUD/USD is currently trading below all SMA.
RSI is in the selling zone, which shows bearishness. Stochastic is suggesting a downtrend.
Its immediate support is at 0.65710 & the resistance is at 0.66105
On the daily chart, AUD/USD is trading lower and following a lower-low structure. Currently, the price has broken the low of the previous day and is trading in an important support zone, a further decline is expected when the support level is broken.
