AUD/USD Price Forecast: Tests 0.6650 near the lower boundary of descending channel
09.09.2024, 08:54

AUD/USD Price Forecast: Tests 0.6650 near the lower boundary of descending channel

  • AUD/USD price tests the lower boundary of the descending channel around the level of 0.6440.
  • The 14-day RSI breaks below the 50 level, confirming the ongoing bearish trend for the pair.
  • The immediate barrier appears at the 50-day EMA at 0.6675 level.

AUD/USD extends its losses for the second consecutive day, trading around 0.6650 during the European hours on Monday. The daily chart analysis shows that the pair is trekking down along the lower boundary of the descending channel, suggesting the reinforcing of a bearish bias.

Additionally, the 14-day Relative Strength Index (RSI) falls below the 50 level, confirming the ongoing bearish trend for the AUD/USD pair.

However, the daily chart analysis also indicates that the 9-day Exponential Moving Average (EMA) is positioned above the 50-day EMA, which is typically interpreted as a short-term bullish signal. This suggests that the recent price action is outperforming the longer-term trend.

On the downside, the AUD/USD pair targets the lower boundary of the descending channel around the level of 0.6440. A break below this level could strengthen the bearish bias and lead the pair to navigate the region around the throwback support at 0.6575.

In terms of resistance, the immediate barrier appears at the 50-day EMA at 0.6675 level, followed by the nine-day EMA at 0.6715 level. A breakthrough above the latter could weaken the bearish bias and support the AUD/USD pair to test the upper boundary of the descending channel around the 0.6750 level.

A breach above the descending channel could extend the upside and lead the pair to explore the region around its seven-month high of 0.6798, reached on July 11.

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 weakest against the Canadian Dollar.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   0.32% 0.32% 0.79% 0.03% 0.23% 0.65% 0.43%
EUR -0.32%   -0.05% 0.52% -0.28% -0.14% 0.34% 0.10%
GBP -0.32% 0.05%   0.43% -0.23% -0.08% 0.37% 0.15%
JPY -0.79% -0.52% -0.43%   -0.75% -0.53% -0.15% -0.15%
CAD -0.03% 0.28% 0.23% 0.75%   0.25% 0.60% 0.57%
AUD -0.23% 0.14% 0.08% 0.53% -0.25%   0.46% 0.20%
NZD -0.65% -0.34% -0.37% 0.15% -0.60% -0.46%   -0.22%
CHF -0.43% -0.10% -0.15% 0.15% -0.57% -0.20% 0.22%  

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. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik