Asslamu alaikum everyone.Today United States dollar is the strongest currency and Australian dollar is just below neutral level, showing in today's currency strength meter.
AUD/USD, H4
A downtrend is framing on the 4-hour graph. The instrument is exchanging inside the hall framed by the lower line and the center line of Bollinger groups. The marker cloud is extended. The descending elements is probably going to endure temporarily. The MACD histogram is in the negative territory, keeping a sign to open short positions. Stochastic is in the nonpartisan zone, the oscillator lines are turning around upwards from the boundary with the oversold zone.
AUD/USD, D1
A sideways pattern is shaping on the every day diagram. The instrument is exchanging inside the hall shaped by the lines of Bollinger groups. The marker cloud is limited. Sideways elements are probably going to endure in the medium term. The MACD histogram is in the positive zone, slowly diminishing volumes. The sign line turned down. A purchase signal is losing its pertinence. Stochastic is in the nonpartisan zone, the oscillator lines are coordinated on a level plane, without shaping a positive sign to enter the market.
Short positions might be opened from the degree of 0.7600 with the objective at 0.7550 and stop misfortune 0.7630. Long positions might be opened from the degree of 0.7700 with the objective at 0.7760 and stop misfortune 0.7670.
AUD/USD, H4
A downtrend is framing on the 4-hour graph. The instrument is exchanging inside the hall framed by the lower line and the center line of Bollinger groups. The marker cloud is extended. The descending elements is probably going to endure temporarily. The MACD histogram is in the negative territory, keeping a sign to open short positions. Stochastic is in the nonpartisan zone, the oscillator lines are turning around upwards from the boundary with the oversold zone.
AUD/USD, D1
A sideways pattern is shaping on the every day diagram. The instrument is exchanging inside the hall shaped by the lines of Bollinger groups. The marker cloud is limited. Sideways elements are probably going to endure in the medium term. The MACD histogram is in the positive zone, slowly diminishing volumes. The sign line turned down. A purchase signal is losing its pertinence. Stochastic is in the nonpartisan zone, the oscillator lines are coordinated on a level plane, without shaping a positive sign to enter the market.
Short positions might be opened from the degree of 0.7600 with the objective at 0.7550 and stop misfortune 0.7630. Long positions might be opened from the degree of 0.7700 with the objective at 0.7760 and stop misfortune 0.7670.
