Technical Analysis
29.12.2023, 07:07

The AUD/USD remains above MA 200 H1

Yesterday, the AUD/USD traded lower and closed the day in the red zone around the price of 0.6830. Today, on the contrary, the pair has grown slightly, rising to the level of 0.6845. On the hourly chart, AUD/USD is still trading above the moving average line MA (200) H1 (0.6785). The situation is similar on the four-hour chart. Based on the above, it is probably worth sticking to the north direction in trading and while the pair remains above MA 200 H1, may be you need to look for entry points to buy at the end of the correction.

  • Resistances levels are at: 0.6865-70, 0.6895, 0.6920
  • Support levels are at: 0.6820, 0.6795, 0.6770

Probably, the main scenario is the resumption of the upward movement to 0.6865 (the high of the American session on Dec 28).

The alternative scenario is consolidation below MA 200 H1 with a subsequent decline to 0.6690 (Dec 18 low).

Quotes
Symbol Bid Ask Time
AUDUSD 0.6196 0.61967 22:55:00
EURUSD 1.02757 1.02765 22:55:00
GBPUSD 1.21703 1.21709 22:55:00
NZDUSD 0.5583 0.55845 23:54:57
USDCAD 1.44656 1.44665 22:55:00
USDCHF 0.91498 0.91505 22:55:00
USDJPY 156.134 156.139 22:55:00
XAGEUR 29.486 29.586 23:58:59
XAGUSD 30.332 30.373 23:58:52
XAUUSD 2702.25 2704.07 23:58:59

© 2000-2025. 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location
Click Subscribe to receive notifications about promotions and bonuses