- Analytics
- News and Tools
- Market News
- AUD/USD Price Analysis: AUD/USD remains above 0.6750; next barrier at upper boundary
AUD/USD Price Analysis: AUD/USD remains above 0.6750; next barrier at upper boundary
- AUD/USD may test the upper boundary of the ascending channel around the level of 0.6785.
- The 14-day RSI is positioned slightly below the 70 level, indicating potential overbought conditions and a forthcoming correction.
- The key support appears at the lower boundary of the ascending channel around 0.6675 level.
AUD/USD extends its losses for the third successive day, trading around 0.6760 during the European hours on Thursday. The analysis of the daily chart shows that the AUD/USD pair consolidates within an ascending channel, indicating a bullish bias in the pair's price action.
Additionally, the 14-day Relative Strength Index (RSI) is positioned slightly below the 70 level, indicating confirmation of the bullish trend while also suggesting potential overbought conditions. A breach above this level could signal a need for caution, possibly indicating a forthcoming correction.
Furthermore, the momentum indicator Moving Average Convergence Divergence (MACD) line is above the centerline, suggesting upward price movement. Divergence above the signal line further confirms this bullish trend, as it indicates increasing positive momentum.
The AUD/USD pair may test the upper boundary of the ascending channel at approximately 0.6785. If it breaks through this level, the pair could target the psychological level of 0.6800.
On the downside, the AUD/USD pair may find support around the lower boundary of the ascending channel at the 0.6675 level, with additional support near the 50-day Exponential Moving Average (EMA) at 0.6651. A break below this level could push the pair toward the throwback support around 0.6590.
AUD/USD: Daily Chart
Australian Dollar PRICE Today
The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Canadian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.08% | -0.16% | -0.06% | 0.10% | -0.13% | -0.11% | -0.10% | |
| EUR | 0.08% | -0.07% | 0.04% | 0.21% | -0.03% | -0.02% | -0.01% | |
| GBP | 0.16% | 0.07% | 0.10% | 0.28% | 0.04% | 0.04% | 0.07% | |
| JPY | 0.06% | -0.04% | -0.10% | 0.15% | -0.07% | -0.09% | -0.04% | |
| CAD | -0.10% | -0.21% | -0.28% | -0.15% | -0.25% | -0.22% | -0.21% | |
| AUD | 0.13% | 0.03% | -0.04% | 0.07% | 0.25% | 0.00% | 0.04% | |
| NZD | 0.11% | 0.02% | -0.04% | 0.09% | 0.22% | -0.01% | 0.03% | |
| CHF | 0.10% | 0.01% | -0.07% | 0.04% | 0.21% | -0.04% | -0.03% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote).
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
