Daily Market Analysis 26 July 2022

Daily Market Analysis 26 July 2022

  • Market News
  • Daily Market News
  • 2022, 26 July

AUD/USD

Technical Outlook

AUD/USD bulls make a comeback with an attempt to approach 0.7000. However, the upside challenge remains although bounces from yearly lows.


Technical Indicators
Action
RSI (56)
BUY
Oscillator (94)
BUY
MACD (Below Midline)
SELL
200 EMA (0.7153) 
SELL


Strategy


Scenario 1
Scenario 2
Action
SELL
SELL
Entry
0.6960
0.6970
Target 1
0.6930
0.6940
Target 2
0.6900
0.6910
Stop Loss
0.6990
0.7000


Key Signposts 

AUD: No key data

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