Usd/cad Price Analysis: 100-hma Defends Bulls Inside Nearby Trading Range Below 1.3000
2022, 17 June - Forex
AUD/USD
Technical Outlook
The Australian dollar has posted strong gains yesterday (up 0.57% on
the day). AUD/USD is putting pressure on resistance at 0.7050. Above,
there is resistance at 0.7120 .There is support at 0.6950 and 6900.
Technical Indicators | Action |
RSI (54) | BUY |
Oscillator (64) | BUY |
MACD (Above Midline) | BUY |
200 EMA (0.7162) | 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: Inflation data
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