Daily Market Analysis 25 Aug 2022

Daily Market Analysis 25 Aug 2022

  • Market News
  • Daily Market News
  • 2022, 25 August

AUD/USD

AUD/USD pair is slightly bullish on the daily chart. The price has taken a support at its previous swing low. The spot has taken a pause after falling from last five days of its previous swing high. The crucial resistance level is at around (0.6978). If this given level broke on higher side, then it amplifies bullishness, otherwise we can expect a good fall below (0.6900).


Technical Indicators
Action
RSI (50)
BUY
Oscillator (34)
SELL
MACD (Above Midline)
BUY
200 EMA (0.7132)
SELL


Strategy


Scenario 1
Scenario 2
Action
Buy
Buy
Entry
0.6980
0.6990
Target 1
0.7010
0.7020
Target 2
0.7040
0.7050
Stop Loss
0.6950
0.6960


Key Signposts

AUD: No key data

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