FUND Sell 20.03.2023 08:58
AUD/USD: appearance of mixed trading dynamics in the short term
The AUD/USD pair shows a moderate decline, returning to the "bearish" dynamics after a two-day increase at the end of last week.
TECH Buy 17.03.2023 08:35
AUD/USD: candlestick analysis
On the 4-hour chart, above the support level of 0.6581, a series of "bullish" patterns of Hammer candlestick analysis, as well as Inverted Hammer patterns are formed, which warn the market about the intention of buyers to strengthen their positions. In the current situation, the continuation of the upward dynamics of the trading instrument to the resistance level of 0.6766 is likely, consolidation above which will allow the quotes to go higher, to the area of 0.6989–0.7543. An alternative scenario is possible if the "bulls" fail to hold the key support level 0.6581, then a decline to the range 0.6388–0.5990 is likely.
TECH Buy 16.03.2023 08:28
AUD/USD: wave analysis
Growth is possible.
On the daily chart, the first wave of the higher level (1) formed, a correction ended as the second wave (2), and the third wave (3) develops. Now, the entry first wave of the lower level i of 1 of (3) has formed, and a local correction has ended as the second wave ii of 1 of (3). If the assumption is correct, the AUD/USD pair will grow to the area of 0.7164–0.7464. In this scenario, critical stop loss level is 0.6536.
FUND Sell 15.03.2023 11:37
AUD/USD: the pair's decline may resume
This week, the AUD/USD pair resumed growth, turning around 0.6590 (Murrey level [2/8]), and is currently testing the middle line of Bollinger bands at 0.6714.
FUND Sell 09.03.2023 11:04
AUD/USD: RBA continues to tighten monetary policy
Against the depreciation of the Australian dollar, the pair AUD/USD is trading at 0.6612.