AUD/USD 4H Chart: Falling Wedge

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
AUD/USD is slowly but surely approaching the apex of a falling wedge, a reversal pattern. The short-term outlook is bearish however, since the upper trend-line, reinforced by the long-term SMA, is still intact. Moreover, the technical studies are mostly giving ‘sell' signals. Accordingly, there is likely to be a sell-off from 0.7367 into the region of 71 cents.
In the meantime, we should be wary of a break-out to the upside that is expected in the long run, and the SWFX traders are already long the Aussie, namely 71% of them. A close above 0.7430 will imply an extension of a recovery towards the June high at 0.7850.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 20 Aug 2015 06:25:13 GMT

GBP/AUD 4H Chart: Triangle

The Sterling is taking a break right now after a prolonged rally that started in May. A symmetrical triangle is a continuation pattern, and we expect the currency pair to resume the advancement, especially considering the technical indicators. Once the resistance level at 2.1530 is overcome, GBP/AUD will confirm its bullish intentions. The first objective will be the monthly R1

Wed, 19 Aug 2015 12:55:14 GMT

AUD/USD 4H Chart: Double Bottom

It seems that the 200-period simple moving average (SMA) is hampering not only the CAD/CHF's recovery, as the present currency pair  is experiencing the same problem. The cap in face of the SMA is sloping downwards, thus posing extra risks for the Australian Dollar, which attempts to rise as high as the pattern's upper boundary/monthly PP around 0.7430. Meanwhile, AUD/USD

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.