Current trend
Today the AUD/USD pair continued to grow due to AiG Performance of Services Index reaching 52.0 points, which is by 0.3 points higher than the previous value.
US dollar was supported after US FOMC Minutes publication and the growth of Total Vehicle Sales growth. However, the pair strengthened again due to the growth of gold prices, which affects AUD significantly and are moving in the same direction in the long term.
Today the traders are focused on the US Initial Jobless Claims release at 15:30 (GMT+2), the volatility is expected to be moderate.
Support and resistance
On the daily chart, the pair is growing along the upper border of Bollinger Bands. The price range is widened, which reflects the possibility of the upward movement development. MACD histogram is in the positive zone, the signal line crosses the zero one and the histogram’s body upwards, giving a signal to open long positions.
Resistance levels: 0.7855, 0.7895.
Support levels: 0.7812, 0.7780, 0.7730.
Trading tips
Long positions can be opened at the current level with the target at 0.7895 and stop loss at 0.7815. Implementation period: 1–3 days.
Short positions can be opened at the level of 0.7780 with the target at 0.7730 and stop loss at 0.7815. Implementation period: 3–5 days.
Australian vs US Dollar
Buy Sell Spread
0.78468 0.78441 27
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 0.7850
Take Profit 0.7895
Stop Loss 0.7815
Support levels 0.7730, 0.7780, 0.7812, 0.7855, 0.7895
Alternative scenario
Recommendations SELL STOP
Entry Point 0.7780
Take Profit 0.7730
Stop Loss 0.7815
Support levels 0.7730, 0.7780, 0.7812, 0.7855, 0.7895
Today the AUD/USD pair continued to grow due to AiG Performance of Services Index reaching 52.0 points, which is by 0.3 points higher than the previous value.
US dollar was supported after US FOMC Minutes publication and the growth of Total Vehicle Sales growth. However, the pair strengthened again due to the growth of gold prices, which affects AUD significantly and are moving in the same direction in the long term.
Today the traders are focused on the US Initial Jobless Claims release at 15:30 (GMT+2), the volatility is expected to be moderate.
Support and resistance
On the daily chart, the pair is growing along the upper border of Bollinger Bands. The price range is widened, which reflects the possibility of the upward movement development. MACD histogram is in the positive zone, the signal line crosses the zero one and the histogram’s body upwards, giving a signal to open long positions.
Resistance levels: 0.7855, 0.7895.
Support levels: 0.7812, 0.7780, 0.7730.
Trading tips
Long positions can be opened at the current level with the target at 0.7895 and stop loss at 0.7815. Implementation period: 1–3 days.
Short positions can be opened at the level of 0.7780 with the target at 0.7730 and stop loss at 0.7815. Implementation period: 3–5 days.
Australian vs US Dollar
Buy Sell Spread
0.78468 0.78441 27
Scenario
Timeframe Day's Range
Recommendations BUY
Entry Point 0.7850
Take Profit 0.7895
Stop Loss 0.7815
Support levels 0.7730, 0.7780, 0.7812, 0.7855, 0.7895
Alternative scenario
Recommendations SELL STOP
Entry Point 0.7780
Take Profit 0.7730
Stop Loss 0.7815
Support levels 0.7730, 0.7780, 0.7812, 0.7855, 0.7895