21.06.202215:14 Forex Analysis & Reviews: AUD/USD Technical Analysis and Trading Tips for June 21, 2022

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

Market participants as a whole reacted rather restrainedly to the decision of the central bank to raise the interest rate and to today's speech of the head of the RBA, and the publication of minutes from the June meeting of the bank.

AUD remains under pressure, primarily against the US dollar. As of this writing, AUD/USD is trading near 0.6945, continuing to decline towards the lower border of the descending channel on the weekly chart, which is currently below 0.6800.

Given the Fed's propensity to pursue a tighter monetary policy and in anticipation of further strengthening of the US dollar, a deeper decline in AUD/USD should be expected.

A breakdown of local support levels 0.6850, 0.6800 will confirm our assumption, and AUD/USD will head towards multi-year lows reached in March 2020 near 0.5665, 0.5510 with intermediate targets at support levels 0.6500, 0.6455 (23.6% Fibonacci retracement to the wave of the pair's decline from 0.9500 in July 2014 to 2020 lows near 0.5510), 0.6270, 0.5975.

The continued positive upward trend in 10-year US bond yields makes the dollar an attractive asset for investment, given the prospects for further tightening of the Fed's monetary policy. The dollar is also actively used as a defensive asset, winning over traditional defensive assets such as gold, franc, and yen.

In an alternative scenario, AUD/USD will again try to break through the key resistance levels 0.7240 (200 EMA on the daily chart), 0.7210 (144 EMA on the daily chart), 0.7305 (200 EMA on the weekly chart, 50 EMA on the monthly chart). A breakdown of the resistance levels 0.7600 (200 EMA on the monthly chart), 0.7640 (144 EMA on the monthly chart) will bring AUD/USD into the zone of a long-term bull market.

Support levels: 0.6900, 0.6850, 0.6800, 0.6455, 0.6270, 0.5975, 0.5665, 0.5510

Resistance levels: 0.6970, 0.7000, 0.7037, 0.7070, 0.7120, 0.7210, 0.7240, 0.7265, 0.7305

Trading Tips

Sell Stop 0.6915. Stop-Loss 0.7010. Take-Profit 0.6900, 0.6850, 0.6800, 0.6455, 0.6270, 0.5975, 0.5665, 0.5510

Buy Stop 0.7010. Stop-Loss 0.6915. Take-Profit 0.7037, 0.7070, 0.7120, 0.7210, 0.7240, 0.7265, 0.7305

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.