Australian Dollar- AUD/USD Technical Analysis: In this post, we have highlighted the possible move of Australian Dollar (AUD/USD) with the help of our Technical Analysis as shown below. The charts shown here are monthly aand weekly time frame charts of the Australian Dollar (AUD/USD) Forex currency pair.

After going through this Australian Dollar (AUD/USD) Technical Analysis, you will be in a position to understand the following:

  1. Why Price of Australian Dollar (AUD/USD) is doing what it is doing as of now,
  2. What are the specific support levels for Australian Dollar (AUD/USD) we are illustrating here according to our current observation,
  3. What Price of Australian Dollar (AUD/USD) can do in future if the said Market Structure matures,
  4. How you can take advantage of Our Technical Analysis For The Australian Dollar (AUD/USD) Market.

AUD/USD Technical Analysis

Above chart is a monthly chart for AUD/USD forex currency pair. The support line is drawn from August 2015 from which price got bounced in October 2018 i.e. last month. This month’s (November 2018) close can be above the high of last month’s (October 2018) high. The Trend line is drawn from the swing high of January 2018 to the swing high of June 2018. This month’s price is breaking the said trend line.

AUD/USD Weekly Chart

Above chart is a weekly chart for AUD/USD forex currency pair. The support line is the same which is coming from the monthly chart. The Trendline is drawn from the swing high of week 04, 22-January 2018 to the swing high of week number 23, 4-June 2018. This trend line resisted price on week number 39, 24-September 2018. This trend line was broken on week number 44, 29-October 2018.

Now the question is what the price of Forex Pair AUD/USD going to do in future. To technically identify the next possible price objective for Forex Pair AUD/USD in the Professional way so that it will be easier for you to Trade Forex Pair AUD/USD in future from the current level and to find out the answers to all your Trading related queries, please contact us at 03 9566 7275 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Now you can learn to trade Forex Pair AUD/USD with us to explore the possibility of earning passive income keeping your day job.

Our Proprietary Forex Trading Strategy which work will guide you through every step of your trading in Forex Pair AUD/USD and explore the possibility of earning extra income. Learn what all other Forex Currency Pairs we are Trading in our Forex Trading Asset Class. Develop yourself as a professional trader capable of capturing second income in the future with us.

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Call us on +61 3 9566 7275
email: info@npfinancials.com.au

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